Genco's ship rate averaged over $24,200 per day, and adjusted EBITDA reached nearly $57 million, the highest since 2022. It declared a $0.80-per-share dividend, but larger later payouts depend on freight rates staying near current levels.
The results support Genco's plan to return money to shareholders and keep debt low. Its declared dividend is based on reported results, but larger later payouts depend on freight rates staying near current levels.
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