GNK Stock Overview

NEW YORK, Jan. 27, 2025 (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 fourth quarter of 2024 on Thursday, February 20, 2025 at 8:30 a.m. Eastern Time. The conference call will also be broadcast live over the Internet and include a slide presentation. The Company will issue financial results for the fourth quarter ended December 31, 2024 on Wednesday, February 19, 2025 after the close of market trading.

The wider correction observed in the dry bulk stocks has been unwarranted indeed, attributed to the still higher spot rates and ongoing supply demand imbalance. The same has been observed in GNK's higher contracted TCE rates, richer adj EBITDA margins, healthier balance sheet, and richer dividend policy. This is on top of the management's similarly promising FQ4'24 guidance, with investors likely looking forward to another rich payout ahead.

Genco Shipping & Trading Limited (NYSE:GNK ) Q3 2024 Earnings Conference Call November 7, 2024 8:30 AM ET Company Participants John Wobensmith - Chief Executive Officer Peter Allen - Chief Financial Officer Michael Orr - DryBulk Market Analyst Conference Call Participants Omar Nokta - Jeffries Liam Burke - B. Riley Securities Sherif Elmaghrabi - BTIG Bendik Nyttingnes - Clarkson Securities Operator Good morning, ladies and gentlemen and welcome to the Genco Shipping and Trading Limited Third Quarter 2024 Earnings Conference Call and Presentation before we begin, please note that there will be a slide presentation accompanying today's conference call.

Genco Shipping (GNK) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

NEW YORK, Oct. 21, 2024 (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 2024 on Thursday, November 7, 2024 at 8:30 a.m. Eastern Time. The conference call will also be broadcast live over the Internet and include a slide presentation. The Company will issue financial results for the third quarter ended September 30, 2024 on Wednesday, November 6, 2024 after the close of market trading.

Post-COVID, dry bulk shipping saw growth driven by energy demand recovery and a limited vessel order book, though market sentiment has weakened due to China's slowing demand for steel and iron. Genco has focused on reducing debt and maintaining dividends, making it resilient to market volatility with low leverage and strong capital management. Future performance depends on China's stimulus; strong stimulus could boost the freight market, while insufficient or delayed action may lead to falling asset values and substantially impact GNK's share price.

Genco Shipping & Trading Limited offers an 8.18% dividend yield tied to excess quarterly cash flow, making it attractive for income investors despite volatility. Genco operates a high-quality fleet in a thriving drybulk market, with significant earnings growth expected this year due to higher rates. Despite competitive pressures, Genco's strategic fleet renewal and strong Q2 2024 results position it well for future growth and shareholder value.

Declares Dividend of $0.34 per share for Q2 2024; Represents Genco's 20th Consecutive Quarterly Dividend Totaling $5.915 Per Share Declares Dividend of $0.34 per share for Q2 2024; Represents Genco's 20th Consecutive Quarterly Dividend Totaling $5.915 Per Share

NEW YORK, July 16, 2024 (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 second quarter of 2024 on Thursday, August 8, 2024 at 8:30 a.m. Eastern Time. The conference call will also be broadcast live over the Internet and include a slide presentation. The Company will issue financial results for the second quarter ended June 30, 2024 on Wednesday, August 7, 2024 after the close of market trading.