Genco Shipping & Trading (Genco Shipping & Trading) Dividend Payout Ratio : 0.35 (As of Dec. 2023)

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What is Genco Shipping & Trading Dividend Payout Ratio?

Genco Shipping & Trading's dividend payout ratio for the months ended in Dec. 2023 was 0.35.

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.

The historical rank and industry rank for Genco Shipping & Trading's Dividend Payout Ratio or its related term are showing as below:

GNK' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.08 Med: 0.74 Max: 1.43
Current: 1.43

During the past 13 years, the highest Dividend Payout Ratio of Genco Shipping & Trading was 1.43. The lowest was 0.08. And the median was 0.74.

GNK's Dividend Payout Ratio is ranked worse than
93.52% of 525 companies
in the Transportation industry
Industry Median: 0.4 vs GNK: 1.43

As of today (2024-04-26), the Dividend Yield % of Genco Shipping & Trading is 4.00%.

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

Genco Shipping & Trading's Dividends per Share for the months ended in Dec. 2023 was $0.15.

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.

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.

The growth rate is calculated with least square regression.

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

Genco Shipping & Trading Dividend Payout Ratio Historical Data

The historical data trend for Genco Shipping & Trading's Dividend Payout Ratio can be seen below:

* 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.

* Premium members only.

Genco Shipping & Trading Dividend Payout Ratio Chart

Genco Shipping & Trading Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

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0.08

0.74

1.42

Genco Shipping & Trading Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Dividend Payout Ratio	Get a 7-Day Free Trial															1.16	8.33	0.56	-	0.35

Competitive Comparison of Genco Shipping & Trading's Dividend Payout Ratio

For the Marine Shipping subindustry, Genco Shipping & Trading's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio 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 Dividend Payout Ratio Distribution in the Transportation Industry

For the Transportation industry and Industrials sector, Genco Shipping & Trading's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Genco Shipping & Trading's Dividend Payout Ratio falls into.

Genco Shipping & Trading Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

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

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2023 )	/	EPS without NRI (A: Dec. 2023 )
	=	0.95	/	0.67
	=	1.42

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 )
	=	0.15	/	0.43
	=	0.35

Genco Shipping & Trading (NYSE:GNK) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Genco Shipping & Trading Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Genco Shipping & Trading's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

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

Industry

GURUFOCUS.COM » STOCK LIST » Industrials » Transportation » Genco Shipping & Trading Ltd (NYSE:GNK) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

GNU1:Germany

Address

299 Park Avenue, 12th Floor, New York, NY, USA, 10171

Website

https://www.gencoshipping.com

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.

Executives

Peter George Allen	officer: Chief Financial Officer	GENCO SHIPPING & TRADING LIMITED, 299 PARK AVENUE, 12TH FLOOR, NEW YORK NY 10171
Arthur L Regan	director	C/O ARLINGTON TANKERS LTD, THE HAYWARD BUILDING 22 BERMUDIANA ROAD, HAMILTON HM 11 D0 --
Jesper Christensen	officer: Chief Commercial Officer	GENCO SHIPPING & TRADING LIMITED, 299 PARK AVENUE, 12TH FLOOR, NEW YORK NY 10171
Robert E Hughes	officer: Chief Operations Officer	GENCO SHIPPING & TRADING LIMITED, 299 PARK AVE., 12TH FLOOR, NEW YORK NY 10171
Apostolos Zafolias	officer: Chief Financial Officer	GENCO SHIPPING & TRADING, 299 PARK AVENUE, 12TH FLOOR, NEW YORK NY 10171
John C Wobensmith	officer: Chief Financial Officer	35 WEST 56TH STREET, NEW YORK NY 10019
Joseph Adamo	officer: Chief Accounting Officer	GENCO SHIPPING & TRADING, 299 PARK AVENUE, 12TH FLOOR, NEW YORK NY 10171
Ccp Ii Cayman Gp Ltd.	10 percent owner	375 PARK AVE, 12TH FLOOR, NEW YORK NY 10152
Centerbridge Credit Partners, L.p.	10 percent owner	375 PARK AVENUE, 11TH FLOOR, NEW YORK NY 10152
Karin Y Orsel	director	HOGELANDSTERWEG 14, FARMSUM P7 9936 BH
Apollo Management Holdings Gp, Llc	10 percent owner	9 W. 57TH STREET, 43RD FLOOR, NEW YORK NY 10019
Strategic Value Partners, Llc	10 percent owner	100 WEST PUTNAM AVENUE, GREENWICH CT 06830
Daniel Han	director	GENCO SHIPPING & TRADING LIMITED, 299 PARK AVE., 12TH FLOOR, NEW YORK NY 10171
Kathleen C Haines	director	P.O. BOX 385, COS COB CT 06807
Christoph O Majeske	director	17001 NORTHCHASE DR., STE. 100, HOUSTON TX 77060