GNK News and Press, Genco Shipping & Trading Limited New From 12/30/22

Summary Due to the high inflation rates, COVID-19, and the continuing war in Ukraine, the global recession likely will continue hurting the demand for dry bulk commodities. However, the measures of the Chinese government and central bank should support iron ore demand. In a vulnerab...

Summary GNK's trailing dividend yield is 18.6%. Management adopted a new value dividend strategy, which has led to GNK paying $2.74/share in the past four quarters. Management has paid down 60% of debt, which has reduced GNK's daily vessel breakeven by 42% since Q1 2021. L...

InvestorPlace - Stock Market News, Stock Advice & Trading Tips It seems odd to be analyzing the best shipping stocks as recession concerns continue to pile up in 2022. Further, any recession will likely last well into 2023 and come with a much harder landing than the Federal Reserve wo...

Summary FY2023 dividends remain safe at $2.5, due to GNK's improved FCF generation of $206.8M and despite the deleveraging efforts to net debts of $29.2M. Investors who had missed the recent bottom may potentially see more volatility nearer to the Feds' upcoming hike in December, ...

The following slide deck was published by Genco Shipping & Trading Limited in conjunction with their 2022 Q3 earnings call. For further details see: Genco Shipping & Trading Limited 2022 Q3 - Results - Earnings Call Presentation

Genco Shipping & Trading Limited (GNK) Q3 2022 Earnings Conference Call November 10, 2022 08:30 ET Company Participants Peter Allen - Investor Relations John Wobensmith - Chief Executive Officer Apostolos Zafolias - Chief Financial Officer Conference Ca...

Genco Shipping ( NYSE: GNK ) declares $0.78/share quarterly dividend . Forward yield 21.97% Payable Nov. 28; for shareholders of record Nov. 21; ex-div Nov. 18. See GNK Dividend Scorecard, Yield Chart, & Dividend Growth. For further details see: ...

Genco Shipping press release ( NYSE: GNK ): Q3 Non-GAAP EPS of $1.00 misses by $0.06 . Revenue of $135.97M (-12.4% Y/Y) beats by $42.29M . Voyage revenues totaled $136.0 million and net revenue (voyage revenues minus voyage expenses, charter hire expenses ...

NEW YORK, Oct. 25, 2022 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE: GNK) announced today that it will hold a conference call to discuss the Company’s results for the third quarter of 2022 on Thursday, November 10, 2022 at 8:30 a.m. Eastern Time. The conference cal...

Summary The share prices for Genco Shipping and other dry-bulk marine shippers are volatile and the dramatic changes in the Baltic Dry index show why. I think GNK's stock price will appreciate based on developments in Dry Bulk shipping supply and demand, freight rates plus marine ...