New York-listed dry bulk owner Genco Shipping & Trading slightly beat analyst expectations for both its quarterly profit and shareholder dividend in a difficult fourth quarter that was followed by a further weakening of rates into the start of 2023.
Manhattan-based Genco recorded net income of $28.7m, or $0.67 per share, topping the Wall Street analyst consensus of $0.65.
The company also continued to pay its high-priority dividend with a distribution of $0.50
