New York-listed Genco Shipping & Trading rolled to another profit in a softer third quarter and continued to build on its new high-payout dividend model.
The John Wobensmith-led company is handing out a dividend of $0.78 per share – 56% higher than the $0.50 per share it managed in the second quarter and equivalent to a yield of 21%. Genco has now paid dividends of $2.74
