Genco Q2 Dividend Jumps 433% to $0.80, Sees Higher Q3 Pay

Genco Shipping & Trading Limited's (GNK) Q2 2026 dividend was $0.80 per share, up 433% YoY and the highest payout under its value strategy. The company expects a Q3 2026 dividend above $1 per share, based on booked fixtures and current freight futures. Genco swung from a net loss in Q2 2025 to net income in Q2 2026, with adjusted EBITDA climbing 297% YoY to $56.7 million. The company's daily time charter equivalent rate rose to $24,273 from $13,631 YoY, and is expected to reach $28,587 per day in Q3, the highest since Q2 2022. Genco has a strong balance sheet, with net loan-to-value at 18% and liquidity of $423.6 million.