SHIP - Genco Shipping: Preparing For Large Dividends In Dry Bulk (Podcast Transcript)
- Value Investor's Edge Live continues with our latest episode focused on the dry bulk shipping sector.
- We hosted John Wobensmith, CEO of Genco Shipping, in mid-January to discuss market prospects and dividend plans for 2022.
- After extensive deleveraging in 2022, Genco has shifted to a strategy of near-100% free cash flow payouts.
- Dividend levels will depend on underlying market performance, but Wobensmith and team have built a strong balance sheet and a well-positioned fleet with enviable cash breakeven levels.
- A full audio recording and time stamps is included below.
For further details see:
Genco Shipping: Preparing For Large Dividends In Dry Bulk (Podcast Transcript)