Genco Shipping & Trading Limited Announces Q1 2024 Financial Results
Genco Shipping & Trading Limited Ordinary Shares New (Marshall Islands) (GNK)
Last genco shipping & trading limited ordinary shares new (marshall islands) earnings: 2/25 04:30 pm
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US:NYSE Investor Relations:
gencoshipping.com
Company Research
Source: GlobeNewswire
NEW YORK, May 08, 2024 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE:GNK) (“Genco” or the “Company”), the largest U.S. headquartered drybulk shipowner focused on the global transportation of commodities, today reported its financial results for the three months March 31, 2024. First Quarter 2024 and Year-to-Date Highlights Dividend: Declared a $0.42 per share dividend for Q1 2024 19th consecutive quarterly payoutCumulative dividends of $5.575 per share or 25% of our share price1Q1 2024 dividend is payable on or about May 30, 2024 to all shareholders of record as of May 22, 2024. Financial performance: Net income of $18.8 million for Q1 2024, or basic and diluted earnings per share of $0.44 and $0.43, respectively Adjusted net income of $21.4 million or basic and diluted earnings per share of $0.50 and $0.49, respectively, excluding other operating expense of $1.8 million, a loss on sale of vessels of $1.0 million and unrealized fuel gains of $0.2 millionAdjuste
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News
- Genco Shipping & Trading Issues Statement Regarding George Economou's Withdrawal of his Nominee [Yahoo! Finance]Yahoo! Finance
- Genco Shipping & Trading Issues Statement Regarding George Economou’s Withdrawal of his NomineeGlobeNewswire
- GK Investor's Genco Campaign Results in Material Improvement [Yahoo! Finance]Yahoo! Finance
- GK Investor’s Genco Campaign Results in Material ImprovementBusiness Wire
- Genco Shipping & Trading Highlights Strong Results and 19th Consecutive Quarterly Dividend in Letter to Shareholders [Yahoo! Finance]Yahoo! Finance
GNK
Earnings
- 5/8/24 - Miss
GNK
Sec Filings
- 5/20/24 - Form DEFA14A
- 5/20/24 - Form SC
- 5/17/24 - Form DEFA14A
- GNK's page on the SEC website