Genco Shipping & Trading Limited (GNK) Initiates, Declares $0.175 Quarterly Dividend; 7.1% Yield
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Genco Shipping & Trading Limited (GNK) Reports Q3 Loss of $0.35
November 6, 2019 5:35 PM ESTGenco Shipping & Trading Limited (NYSE: GNK) reported Q3 EPS of ($0.35), versus $0.14 reported last year. Revenue for the quarter came in at $103.8 million, versus $92.3 million reported last year.
Initiated a regular quarterly dividend policy with a dividend of $0.175 per share for the third quarter of 2019 Payable on or about December 5, 2019 to all shareholders of record as of November 21, 2019Declared a special dividend of $0.325 per share, utilizing net cash proceeds from recently agreed upon vessel sales after paying down associated debt Payable on or about December 5, 2019, to all shareholders of record as of... More