For the third quarter of 2020, Genco Shipping & Trading Limited declared a regular quarterly cash dividend of $0.02 per share. Management and the Board of Directors determined to pay a dividend in light of the Company's strong balance sheet, its emphasis on returning cash to shareholders and the receipt of net proceeds from the sale of non-core assets. This dividend is payable on or about November 25, 2020, to all shareholders of record as of November 17, 2020.