build and lease

Making its second appearance in this space in 2008 is Genco Shipping & Trading (GNK). After hiking its quarterly in February to 85 cents a share from 66 cents, Genco has boosted its rate to $1, for a combined increase of 51.5% so far this year. At a recent Big Board price of 73.28, the stock yields 5.46%. Holders of record May 16 will receive the new dividend May 30. The ex-date is May 14. A $50 million stock-buyback program is in place.

I play options of this stock great one to this with

TRADING ALL

Genco, a leading shipper of such commodities as iron ore, grain, coal and steel, enhanced its common dividend 29% last Wednesday. The new quarterly will be 85 cents a share, up from 66 cents. That gives the stock a hefty 6.01% yield. Disbursement is slated for March 7 to investors on Genco's books Feb. 29. The ex-dividend date is Feb. 27. The company also announced a $50 million stock buyback.

Genco is my last drybulk pick, P/E of just 8 can be considered low when looking at management.

Of the riskier shippers, Cramer selected Diana (DSX) over Genco Shipping & Trading (GNK). Diana is up 17% since July and offers a 6% yield, giving it an edge over Genco.

Expanding business. Solid company.

Management, new offering, dividend %

Hot sector, strong rate growth, great dividend yield. Long, unless it gets too hot, too fast.

lost money

Again, great yield, great management but too much of a roller coaster ride with no discernable reason to be. Great story, seemingly great stock but wwaaayy volatile.