New York-listed Genco Shipping & Trading has laid out a formula. And now analysts are hard at work calculating just how high the bulker owner's new high-payout dividend might get in the coming year.
Genco has laid out a $10.75m reserve for the next quarter that assumes the company will make about $35m in voluntary debt amortisation payments for all of 2022 — its main use of cash besides returning capital to shareholders.
