Genco Projects Q4 Dividend Above $1 as Adjusted EBITDA Jumps 214%
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Genco Shipping & Trading Limited projected a fourth-quarter 2026 dividend above $1 per share as adjusted EBITDA rose 214% year over year, putting its payout outlook alongside a stronger third-quarter result. Adjusted EBITDA, a non-GAAP measure, totaled $68.1 million for the three months ended Sept. 30, compared with $21.7 million in the year-earlier quarter. The measure modifies earnings before interest, taxes, depreciation and amortization for specified items. Genco’s calculation excludes noncash impairment charges, other operating expense, net gains on vessel sales and unrealized losses on fuel hedges. The earnings release was dated Wednesday, Nov. 4.
Source: TokenPost
