Genco Shipping & Trading in November unveiled a regular quarterly dividend programme, but the Covid-19 pandemic has thrown a wrench into how regular those bonuses may be.
The John Wobensmith-led owner of 53 dry bulk vessels kicked off the scheme with a $0.50 payout per share for last year's third quarter that included a regular dividend of $0.175.
The New York-listed company gave the same dividend for the fourth quarter, but then reduced the first-quarter reward to $0.02
