Genco Shipping & Trading Ltd. (GNK) Dividends
Dividend Yield and Dividend History Highlights
- As for its free cash flow/dividend ratio, GNK's comes in at -30.73 -- better than 4.77% of other US-listed dividend issuers.
- GNK has an EBITDA to net debt ratio of -0.09; for context, that's better than 4.47% stocks in our set.
- If you're seeking price stability while collecting dividends, note that GNK has less volatility in its price than merely 2.19% of US stocks in our dividend set.
- If you want to include this stock in your dividend portfolio, here are some dividend stocks that are NOT correlated with GNK that may be suitable potential portfolio mates: STM, ATNI, PEGA, CLWT and SRT.
GNK Price Forecast Based on Dividend Discount Model
| Current Price | DDM Fair Value Target: | Forecasted Gain: |
| $13.74 | $8.84 | -62.11% |
The Dividend Discount Model (DDM) is a valuation model that attempts to determine a fair share price for a stock, based on the dividend it provides in comparison to several company-specific metrics indicative of the riskiness of the stock and the financial health of the company. As for GNK, the dividend discount model StockNews created for the company implies a negative return of 62.11%. To help understand and contextualize the model's evaluation of GNK, investors may wish to consider are:
- In comparison to stocks we observe that provide shareholders with a dividend, Genco Shipping & Trading Ltd's dividend yield of 11.48% is in the top 1.68000000000001%.
- Amongst its dividend-issuing peers in the small-sized market cap category, GNK has a beta lower than merely 13.22% of them.
- GNK's market cap of approximately $973 million makes it a small-sized market cap company; out of dividend issuers in this group, the investment opportunity based on the difference between its current share price and its forecasted DDM value is greater than merely 15.83% of them.
GNK Dividend History
| Ex-Dividend Date | Type | Payout Amount | Change |
|---|---|---|---|
| 2024-11-18 | Dividend | $0.40 | +17.65% |
| 2024-08-19 | Dividend | $0.34 | -19.05% |
| 2024-05-21 | Dividend | $0.42 | +2.44% |
| 2024-03-05 | Dividend | $0.41 | +173.33% |
| 2023-11-21 | Dividend | $0.15 | -- |
| 2023-08-15 | Dividend | $0.15 | -- |
| 2023-05-15 | Dividend | $0.15 | -70.00% |
| 2023-03-06 | Dividend | $0.50 | -35.90% |
| 2022-11-18 | Dividend | $0.78 | +56.00% |
| 2022-08-15 | Dividend | $0.50 | -36.71% |
| 2022-05-13 | Dividend | $0.79 | +17.91% |
| 2022-03-09 | Dividend | $0.67 | +346.67% |
| 2021-11-12 | Dividend | $0.15 | +50.00% |
| 2021-08-16 | Dividend | $0.10 | +100.00% |
| 2021-05-14 | Dividend | $0.05 | +150.00% |
| 2021-03-09 | Dividend | $0.02 | -- |
| 2020-11-16 | Dividend | $0.02 | -- |
| 2020-08-14 | Dividend | $0.02 | -- |
| 2020-05-15 | Dividend | $0.02 | -88.57% |
| 2020-03-05 | Dividend | $0.18 | -65.00% |
| 2019-11-20 | Dividend | $0.50 | -- |
| 2016-07-08 | Split |
GNK Dividends vs. Peers
GNK's dividend yield currently ranks #49 of 64 vs. its peers in the Shipping category.
Looking for More Information on GNK dividends?
Want to see what other sources are saying about Genco Shipping & Trading Ltd's dividends? Try the links below:Genco Shipping & Trading Ltd Common Stock (GNK) Dividend History | Nasdaq
Dividend History for Genco Shipping & Trading Ltd (GNK) - Dividend Investor
Genco Shipping & Trading Ltd (GNK) Dividend History - Seeking Alpha