SUBSEQUENT EVENTS |
6 Months Ended |
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Jun. 30, 2026 | |
| SUBSEQUENT EVENTS | |
| SUBSEQUENT EVENTS | 15 – SUBSEQUENT EVENTS The Genco Volunteer, a 2019-built, 182,000 dwt scrubber-fitted Capesize vessel, is expected to be delivered during August 2026. The Company drew down $50,000 on its $680 Million Revolver on July 15, 2026 to finance the remainder of the purchase. Refer to Note 5 — Vessel Acquisitions and Dispositions. On August 5, 2026, the Company announced a regular quarterly dividend of $0.80 per share to be paid on or about August 24, 2026 to shareholders of record as of August 17, 2026. The aggregate amount of the dividend is expected to be approximately $35.6 million based on the number of shares currently outstanding, and the Company anticipates funding the dividend from cash on hand at the time the payment is to be made.
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