Reported 2 days ago
Genco Shipping & Trading Limited (GNK), recognized among the top 10 shipping stocks with dividends, operates over 40 bulk vessels and has gained attention after Diana Shipping acquired a significant stake. While GNK reported improved freight rates and maintains a reliable dividend history, the recent 50% dividend cut disappointed investors. With a current yield of 3.79%, it faces competition from other investments with potentially higher returns.
Source: YAHOO