---
schema_version: "secwatch.filing_event.v1"
accession: "0001140361-22-040715"
form_type: "8-K"
ticker: "GNK"
cik: "0001326200"
company_name: "GENCO SHIPPING & TRADING LTD"
filed_at: "2022-11-09T23:59:59+00:00"
generated_at: "2026-06-22T00:48:22.291120+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Genco declares $0.78 Q3 dividend (+56% QoQ); net income $40.8M, TCE $23,624/day

## Summary
- Declared $0.78/share Q3 dividend, 56% increase from Q2; payable Nov 28 to holders of record Nov 21.
- Net income $40.8M ($0.96 EPS); adjusted net income $42.7M ($1.00 EPS); voyage revenues $136.0M.
- Q3 TCE $23,624/day (sixth straight quarter above $20k); estimated Q4 TCE $20,451 for 77% of fleet days.
- Debt reduced to $179.8M after $8.75M prepay; net loan-to-value 11%; liquidity $287.4M.
- YTD net income $129.9M; revenues $410.0M; cumulative dividends $2.74/share over last four quarters.

## SEC filing metadata
- accession: 0001140361-22-040715
- form_type: 8-K
- ticker: GNK
- cik: 0001326200
- company_name: GENCO SHIPPING & TRADING LTD
- filed_at: 2022-11-09T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1326200/000114036122040715/0001140361-22-040715-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1326200/000114036122040715/brhc10043888_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001140361-22-040715
- JSON: https://secwatch.observer/filing/0001140361-22-040715.json
- Plain text: https://secwatch.observer/filing/0001140361-22-040715.txt

## Key facts
- Earnings Releases
  GENCO SHIPPING & TRADING LTD reported the three months and nine months ended September 30, 2022 results: net income Net income of $40.8 million, EPS $0.96 and $0.95.
  - Period: the three months and nine months ended September 30, 2022
  - Net income: Net income of $40.8 million
  - EPS: $0.96 and $0.95
  - Result: reported results
  source text: recorded net income of $40.8 million for the third quarter of 2022 o Basic and diluted earnings per share of $0.96 and $0.95, respectively
  evidence_url: https://www.sec.gov/Archives/edgar/data/1326200/000114036122040715/0001140361-22-040715-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.