GNK Stock - 11% Yield, Low Debt, Higher Dividends Ahead

September 30, 2022

By : Quick Insurance Guru

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Genco Shipping's forward dividend yield is 11.35%, with a dividend payout ratio of 38%.

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In Q3, GNK has lower drydocking expenses and a higher dividend.

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It's selling at a 22% discount to Book Value.

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Genco Shipping & Trading Ltd. (NYSE:GNK) is a high yield investment.

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Genco's management has adopted a new value strategy to improve its profit.

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They also paid down $203 million in debt in 2021 and will pay back $8.75 million quarter in 2022.

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The quarterly dividend has significantly risen in the last few years, from $.02 to $.10 a year ago.

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GNK had a forward yield of 11.38%. It goes ex-dividend on 8/15/22, with an 8/23/22 pay date.

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Debt Repayments and Maintenance Capex are what is deducted from operating cash Flow.

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