GNK

Declares Record Dividend of $1.05 per Share for Q3 2026 Projects Another Dividend of Greater Than $1 Per Share in Q4 2026 NEW YORK, Nov. 04, 2026 (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 and nine months ended September 30, 2026. Third Quarter 2026 and Year-to-Date Highlights Dividend Declared a record $1.05 per share dividend for Q3 2026, 600% higher than Q3 2025 29th consecutive quarterly dividend Cumulative dividends of $9.765 per share or approximately 39% of our current share price1 Q3 2026 dividend is payable on or about November 23, 2026 to all shareholders of record as of November 16, 2026 Q4 2026 projected dividend reiterated at greater than $1 per share based on current fixtures and assuming the current FFA curve2 Q3 2026 financial results Net income of $38.0 million, or basic and diluted earnings per share of $0.87 and $0.85, respectively Adjusted net income of $39.2 million or basic and diluted earnings per share of $0.89 and $0.88, respectively3 Adjusted EBITDA:3 $68.1 million, an increase of 214% YOY Voyage revenues: $151.9 million Net revenue:3 $104.6 million Average daily fleet-wide TCE3: $27,539 per day Estimated Q4 2026 TCE to date $30,102 for 66% of our owned fleet available days3 John C.

H2'26 payouts of >$2 per share and the recent stock price reversal present GNK's dip-buying opportunity and a richer forward dividend yield of 12.8%. They may outperform the FQ3'26 TCE guidance, with the majority of the fleet exposed to elevated spot rates while supporting the strong top/bottom-line growth prospects. The ongoing fleet renewal contributes to GNK's stable fleet age on a YoY basis while driving the expanded Capesize exposure, with it supporting their future outperformance.

NEW YORK, Oct. 13, 2026 (GLOBE NEWSWIRE) -- Genco Shipping & Trading Limited (NYSE: GNK) announced today that it will hold a conference call to discuss the Company's results for the third quarter of 2026 on Thursday, November 5, 2026 at 8:30 a.m. Eastern Time. The conference call will also be broadcast live over the Internet and include a slide presentation. The Company will issue financial results for the third quarter ended September 30, 2026 on Wednesday, November 4, 2026 after the close of market trading.

Genco Shipping & Trading NYSE: GNK said it is benefiting from a strong dry bulk shipping market, supported by low fleet growth, longer-haul commodity routes and rising demand for Capesize vessels used to transport iron ore, coal and bauxite.

Genco Board Provided Diana Clear Criteria for a Transaction Reflecting Fair Value and in the Best Interests of All Genco Shareholders

The decision ends a nearly year-long takeover battle between the two shipping companies.

Further Expands Fleet of Premium Earning Assets, Including 20 Capesize/Newcastlemax Vessels Highly Accretive Capesize/Newcastlemax Acquisitions Have Generated ~30% IRR and Meaningfully Contributed to Dividend Growth NEW YORK, Aug. 12, 2026 (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 announced that it has taken delivery of the Genco Volunteer, a 2019 Imabari built 182,000 dwt scrubber-fitted Capesize vessel. John C. Wobensmith, Chairman and Chief Executive Officer, commented, “We are pleased to take delivery of our latest high-specification Capesize vessel in a strong drybulk market.

Here is how Genco Shipping & Trading (GNK) and Kirby (KEX) have performed compared to their sector so far this year.

Declares Dividend of $0.80 per Share for Q2 2026, a Record Value Strategy Dividend Projects Another Record Dividend in Q3 2026 NEW YORK, Aug. 05, 2026 (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 and six months ended June 30, 2026. Second Quarter 2026 and Year-to-Date Highlights Dividend Declared a $0.80 per share dividend for Q2 2026, 433% higher than Q2 2025 Record dividend under our Comprehensive Value Strategy 28th consecutive quarterly dividend Cumulative dividends of $8.715 per share or approximately 34% of our current share price1 Q2 2026 dividend is payable on or about August 24, 2026 to all shareholders of record as of August 17, 2026 Q3 2026 projected dividend of greater than $1 per share based on current fixtures and assuming the current FFA curve2 Q2 2026 financial results Net income of $16.6 million, or basic and diluted earnings per share of $0.38 and $0.37, respectively Adjusted net income of $29.2 million or basic and diluted earnings per share of $0.67 and $0.65, respectively3 Adjusted EBITDA3: $56.7 million, an increase of 297% YOY Voyage revenues: $136.4 million Net revenue3: $92.3 million Average daily fleet-wide TCE3: $24,273 per day Estimated Q3 2026 TCE to date $28,587 for 66% of our owned fleet available days3 John C.

Seaways, Genko and ZIM have been highlighted in this Industry Outlook article.