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Genco Shipping & Trading Increases Shareholder Payouts With Updated Dividend Formula, Eliminating Drydocking Capex

Author: Benzinga Newsdesk | September 10, 2024 07:00am

Genco Shipping & Trading announced the removal of the drydocking capex line item from its formula used to calculate its quarterly dividend. This will increase the amount of cash available for distribution to shareholders beginning in the third quarter of 2024.

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