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Genco Shipping & Trading (Genco Shipping & Trading) 3-Year Dividend Growth Rate : 59.30% (As of Dec. 2023)


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What is Genco Shipping & Trading 3-Year Dividend Growth Rate?

Genco Shipping & Trading's Dividends per Share for the three months ended in Dec. 2023 was $0.00.

The historical rank and industry rank for Genco Shipping & Trading's 3-Year Dividend Growth Rate or its related term are showing as below:

GNKOQ' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: 59.3   Med: 104.75   Max: 150.2
Current: 59.3

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Genco Shipping & Trading was 150.20% per year. The lowest was 59.30% per year. And the median was 104.75% per year.

GNKOQ's 3-Year Dividend Growth Rate is ranked better than
85.91% of 362 companies
in the Transportation industry
Industry Median: 12.8 vs GNKOQ: 59.30

During the past 12 months, Genco Shipping & Trading's average Dividends Per Share Growth Rate was -65.30% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 59.30% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Genco Shipping & Trading's Dividend Payout Ratio for the three months ended in Dec. 2023 was 0.00. As of today, Genco Shipping & Trading's Dividend Yield % is 0.00%.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Genco Shipping & Trading Ltd is 1.43, which seems too high.

Warning Sign:

Genco Shipping & Trading Ltd stock dividend yield is close to 2-year low.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison of Genco Shipping & Trading's 3-Year Dividend Growth Rate

For the Marine Shipping subindustry, Genco Shipping & Trading's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Genco Shipping & Trading's 3-Year Dividend Growth Rate Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Genco Shipping & Trading's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where Genco Shipping & Trading's 3-Year Dividend Growth Rate falls into.



Genco Shipping & Trading 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


Genco Shipping & Trading  (OTCPK:GNKOQ) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

Genco Shipping & Trading's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2023 )/ EPS without NRI (Q: Dec. 2023 )
=0/ 0
=N/A

During the past 13 years, the highest Dividend Payout Ratio of Genco Shipping & Trading was 1.42. The lowest was 0.08. And the median was 0.74.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Genco Shipping & Trading Ltd is 1.43, which seems too high.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

During the past 13 years, the highest Dividend Yield of Genco Shipping & Trading was 20.41%. The lowest was 0.41%. And the median was 5.27%.

Warning Sign:

Genco Shipping & Trading Ltd stock dividend yield is close to 2-year low.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Genco Shipping & Trading 3-Year Dividend Growth Rate Related Terms>


Genco Shipping & Trading (Genco Shipping & Trading) Business Description

Traded in Other Exchanges
Address
299 Park Avenue, 12th Floor, New York, NY, USA, 10171
Genco Shipping & Trading Ltd is an international shipping company specializing in the transportation of iron ore, coal, grain, steel products and other drybulk cargoes. It is involved in the ocean transportation of drybulk cargoes. The company operates in one segment, the ocean transportation of drybulk cargoes through the ownership and operation of drybulk carrier vessels. It generates revenue through time charter agreements, spot market voyage charters, pool agreements and spot market-related time charters.