Genco's Unique Dividend Structure May Hold Promise For Income Investors [Seeking Alpha]
Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) (GNK)
Last genco shipping & trading limited ordinary shares new (marshall islands) earnings: 2/25 04:30 pm
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US:NYSE Investor Relations:
gencoshipping.com
Company Research
Source: Seeking Alpha
Summary Genco Shipping & Trading Limited offers an 8.18% dividend yield tied to excess quarterly cash flow, making it attractive for income investors despite volatility. Genco operates a high-quality fleet in a thriving drybulk market, with significant earnings growth expected this year due to higher rates. Despite competitive pressures, Genco's strategic fleet renewal and strong Q2 2024 results position it well for future growth and shareholder value. With a one-year price target of $25.31, Genco stock is undervalued and rated a Strong Buy. CloudVisual Investment thesis Income investors willing to endure some volatility may wish to take a look at Genco Shipping & Trading Limited ( NYSE: GNK ). It currently has a dividend yield of 8.18%, which would normally be a red flag. In this case, though, Genco ties its dividend to “100% of excess quarterly cash flow, excluding dry docking and a voluntary reserve.” That's something approximating its operating income, and can var
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High impacting Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) news events
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News
- Genco Shipping & Trading Limited Enhances Dividend Policy to Increase Cash Distributable to Shareholders [Yahoo! Finance]Yahoo! Finance
- Genco Shipping & Trading Limited Enhances Dividend Policy to Increase Cash Distributable to ShareholdersGlobeNewswire
- Genco Shipping & Trading Limited (NYSE: GNK) is now covered by analysts at Deutsche Bank Aktiengesellschaft. They set a "buy" rating and a $22.00 price target on the stock.MarketBeat
- Genco Shipping & Trading's (NYSE:GNK) Returns On Capital Are Heading Higher [Yahoo! Finance]Yahoo! Finance
- Some May Be Optimistic About Genco Shipping & Trading's (NYSE:GNK) Earnings [Yahoo! Finance]Yahoo! Finance
GNK
Earnings
- 8/7/24 - Beat
GNK
Sec Filings
- 8/28/24 - Form 4
- 8/28/24 - Form 4
- 8/28/24 - Form 4
- GNK's page on the SEC website