GNK / Genco Shipping: Dividends Likely To Stay Strong Despite Challenging Market

Genco Shipping & Trading Limited stock has fallen 1.4% since my last bullish call but remains attractive at current price levels. Genco reported stron more_horizontal

GNK's dividend prospects remain excellent, thanks to the highly competent management team, healthier balance sheet, and reduced operating expenses. It more_horizontal

Genco Shipping & Trading Ltd (NYSE:GNK ) Q2 2023 Earnings Conference Call August 4, 2023 10:00 AM ET Company Participants Peter Allen - CFO John Woben more_horizontal

Genco Shipping & Trading (GNK) came out with quarterly earnings of $0.27 per share, beating the Zacks Consensus Estimate of $0.17 per share. This comp more_horizontal

Investors need to pay close attention to Genco Shipping & Trading (GNK) stock based on the movements in the options market lately. more_horizontal

In this article, we will look at Genco Shipping. This is a unique company in the shipping sector with great prospects. GNK is very attractive at curre more_horizontal

Downward trending market TCE rates are challenging for the bottom line. Strong liquidity enables Genco to continue dividend payouts. Low valuation mak more_horizontal

The stock is down 35% since Barron's first recommended it. Here's why it's a good time to get in. more_horizontal