5 Extreme Dividend Stocks With Upside Potential

4. Genco Shipping & Trading Limited (NYSE:GNK)

Upside Potential as of March 21: 47.06%
Dividend Yield as of March 21: 12.79%

Genco Shipping & Trading Limited (NYSE:GNK) is an American dry bulk shipping company that mainly provides transportation services. Fearnley upgraded the stock to Buy in January and also lifted its price target on the stock to $22. The firm highlighted the company’s strong dividend yields and current valuations.

Genco Shipping & Trading Limited (NYSE:GNK), one of the best dividend stocks, started paying dividends to shareholders in 2019 and has paid regular dividends since then. Moreover, it has raised its quarterly dividend from $0.02 per share in 2021 to $0.78 per share in 2022. The stock’s dividend yield on March 21 came in at 12.79%.

According to Insider Monkey’s database for Q4 2022, 16 hedge funds owned stakes in Genco Shipping & Trading Limited (NYSE:GNK), the same as in the previous quarter. The collective value of these stakes is over $54 million.

Follow Genco Shipping & Trading Ltd (NYSE:GNK)