Star Bulk Carriers Corp. (NASDAQ:SBLK – Get Free Report) announced a quarterly dividend on Wednesday, May 20th. Stockholders of record on Friday, June 12th will be paid a dividend of 0.50 per share by the shipping company on Monday, June 22nd. This represents a c) dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date is Friday, June 12th. This is a 35.1% increase from Star Bulk Carriers’s previous quarterly dividend of $0.37.
Star Bulk Carriers has raised its dividend payment by an average of 0.4%per year over the last three years. Star Bulk Carriers has a payout ratio of 51.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Star Bulk Carriers to earn $3.05 per share next year, which means the company should continue to be able to cover its $1.48 annual dividend with an expected future payout ratio of 48.5%.
Star Bulk Carriers Stock Up 2.3%
Shares of Star Bulk Carriers stock opened at $26.69 on Thursday. The stock’s fifty day moving average is $24.40 and its 200-day moving average is $22.18. The firm has a market capitalization of $3.03 billion, a PE ratio of 36.56 and a beta of 0.71. The company has a quick ratio of 1.65, a current ratio of 1.78 and a debt-to-equity ratio of 0.34. Star Bulk Carriers has a 12-month low of $15.78 and a 12-month high of $27.69.
Trending Headlines about Star Bulk Carriers
Here are the key news stories impacting Star Bulk Carriers this week:
- Positive Sentiment: Star Bulk Carriers beat Q1 expectations and posted solid profitability. The company reported Q1 EPS of $0.54-$0.56, topping consensus estimates, while net profit came in at $58.5 million. That suggests better-than-expected execution in the dry bulk shipping market. Article Title
- Positive Sentiment: The company raised its quarterly dividend to $0.50 per share. That is a meaningful increase from the prior $0.37 payout and signals confidence in cash generation and shareholder returns. Article Title
- Positive Sentiment: The results were framed as an earnings and revenue beat. Analysts noted Star Bulk delivered a positive surprise versus expectations, reinforcing the idea that recent strength in shipping fundamentals is benefiting the company. Article Title
- Neutral Sentiment: Insider selling by COO Nikolaos Reskos was disclosed, but it was pre-planned. He sold shares under a Rule 10b5-1 plan, which usually makes the transaction less informative as a stock signal. Article Title
- Neutral Sentiment: Investors are also weighing valuation after a strong run this year. Commentary flagged that SBLK has already gained sharply, so some traders may be pausing to assess whether the rally is fully pricing in the improved outlook. Article Title
Star Bulk Carriers Company Profile
Star Bulk Carriers Corp is a global shipping company engaged in the ocean transport of dry bulk commodities. The company owns and operates a diversified fleet of bulk carriers, including Handymax, Supramax, Panamax and Capesize vessels. Its ships are designed to carry a broad range of cargoes, such as iron ore, coal, grain, bauxite and phosphate, catering to industrial and agricultural customers worldwide.
The company’s vessels operate on major trade routes across the Atlantic, Pacific and Indian Oceans, connecting producers and consumers in Asia, Europe, North and South America.
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