GNK Genco Shipping & Trading dividend history, payout ratio & dates
Genco Shipping & Trading's most recent dividend of $0.4 per share was on Nov 18, 2024 (ex-date). The annualized payout of $1.57 per share represents a current dividend yield of 9.38%. The latest GNK distribution of $0.4 marks a dividend growth of 18%.
Key dates
- GNK last dividend date: Nov 18, 2024
GNK dividend stats
vs. Industrials sector
Dividend yield
Genco Shipping & Trading's dividend yield of 9.38% is higher than the Industrials sector and the industry average. If we compare it with the Industrials sector average of 1.36%, Genco Shipping & Trading's dividend yield is 590% higher. The current dividend yield is more than the historical average of 7.1% of the last 5 years.
Dividend history
Genco Shipping & Trading has a history of paying dividends since 2019. Our records of GNK show that the company has distributed four quarterly dividends in the past year. The annualized dividend per share has increased by 65% for the last twelve months. And since the stock price has gone up by 13% from a year ago, the dividend yield has increased by 46%.
Recent dividends
| Ex-date | Amount | Yield (TTM) |
|---|---|---|
| Nov 18, 2024 | $0.4 | 8.92% |
| Aug 19, 2024 | $0.34 | 7.59% |
| May 21, 2024 | $0.42 | 4.96% |
| Mar 5, 2024 | $0.41 | 4.33% |
| Nov 21, 2023 | $0.15 | 6.43% |
| Aug 15, 2023 | $0.15 | 11.34% |
| May 15, 2023 | $0.15 | 13.81% |
| Mar 6, 2023 | $0.5 | 14.02% |
| Nov 18, 2022 | $0.78 | 19.19% |
| Aug 15, 2022 | $0.5 | 13.05% |
| May 13, 2022 | $0.79 | 8.21% |
| Mar 9, 2022 | $0.67 | 4.71% |
| Nov 12, 2021 | $0.15 | 2.07% |
| Aug 16, 2021 | $0.1 | 1.07% |
| May 14, 2021 | $0.05 | 0.72% |
| Mar 9, 2021 | $0.02 | 0.73% |
| Nov 16, 2020 | $0.02 | 3.25% |
| Aug 14, 2020 | $0.02 | 4.96% |
| May 15, 2020 | $0.02 | 8.08% |
| Mar 5, 2020 | $0.175 | 5.19% |
| Nov 20, 2019 | $0.175 | 1.71% |
Genco Shipping & Trading dividend payout ratio
Payout ratio
Genco Shipping & Trading's payout ratio of 98.1% is above the Industrials sector and the industry average. Compared to its Industrials sector average of 32.7%, Genco Shipping & Trading's payout ratio is 200% higher.
Total amount of dividends paid per financial year (from cash flow)
GNK dividend vs peer dividends
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| SBLK Star Bulk Carriers Corp | 11.31% | $2.12 | 70.9% |
| GNK Genco Shipping & Trading Ltd | 9.33% | $1.57 | 98.1% |
Frequently asked questions
Does Genco Shipping & Trading pay a dividend?
Yes, Genco Shipping & Trading has been paying dividends for the last five years.
When was GNK's last dividend?
Genco Shipping & Trading's last dividend ex-date was on Nov 18, 2024. The dividend amount was $0.4 per share.
How much dividend does Genco Shipping & Trading pay (per share)?
GNK's annualized dividend per share is $1.57.
What is Genco Shipping & Trading's dividend yield?
Genco Shipping & Trading's current dividend yield is 9.38%.
How often does Genco Shipping & Trading pay dividends?
Genco Shipping & Trading pays four dividends per year.
What is Genco Shipping & Trading's dividend payout ratio?
Genco Shipping & Trading's dividend payout ratio is 98.1%.
Does Genco Shipping & Trading pay a good dividend?
Genco Shipping & Trading's dividend yield is more than the Industrials sector average.
Special dividends are included in TTM DPS and yield. Data from 
and Sharadar.