Star Bulk Carriers

Star Bulk Carriers Corp. provides seaborne transportation solutions in the dry bulk sector. The firm's vessels transport major bulks, which include iron ore, minerals and grain, and minor bulks, which include bauxite, fertilizers and steel products. The company was founded by Petros Alexandros Pappas on December 13, 2006 and is headquartered in Athens, Greece.

Earnings data Q4 2023

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

Star Bulk Carriers (SBLK) displays its shareholder-friendly approach by announcing new share buyback scheme.

Star Bulk Carriers (SBLK) Announces New Share Repurchase Plan

ATHENS, Greece, Sept. 22, 2023 (GLOBE NEWSWIRE) -- Star Bulk Carriers Corp. (the “Company” or “Star Bulk”) (Nasdaq: SBLK), a global shipping company focusing on the transportation of dry bulk cargoes, announced today that it entered into a Repurchase Agreement (the “Repurchase Agreement”) with OCM XL Holdings, LP, a limited partnership incorporated in the Cayman Islands (the “Seller”), pursuant to which the Company agreed to purchase 10 million of its common shares (“Purchased Shares”) from the Seller at a price per common share of $18.50 (such price, the “Purchase Price” and, such transaction, the “Share Repurchase”). The Share Repurchase was approved unanimously by all the disinterested members of the Company's Board of Directors.

Star Bulk Announces the Repurchase of 10 Million of Its Common Shares

Star Bulk Carriers is a Greece-based shipping company that transports bulk commodities such as iron ore, minerals, grains, and fertilizers worldwide. I review the market outlook for dry bulk carriers and also reassess my previous "Buy" rating for SBLK stock. SBLK's balance sheet looks healthy. The cash flow generation is still solid. With strategic refinancings and vessel sales, I believe SBLK is poised for a resilient and promising future.

Star Bulk Carriers Is Still An Attractive High-Yielding Buy

Star Bulk Carriers has recorded another quarter of improved TCE rates compared to most of its dry bulk peers and industry averages, with the preliminary FQ3'23 rates also highly promising. In addition, the company records market-leading daily OPEX per vessel of $4.91K in FQ2'23, naturally triggering its expanded profitability and variable dividend payouts. With SBLK's balance sheet in much better shape post hyper pandemic windfall, we believe investors may still look forward to excellent payouts ahead.

Star Bulk Carriers: Improved Balance Sheets Trigger Handsome Dividends

ATHENS, Greece, Aug. 30, 2023 (GLOBE NEWSWIRE) -- Star Bulk Carriers Corp. (the “Company” or “Star Bulk”) (Nasdaq: SBLK), a global shipping company focusing on the transportation of dry bulk cargoes, announced today the appointment of Mr. Ryan Lee to its Board of Directors as Class B Director and to the Nomination and Corporate Governance Committee (“the Committee”). Mr. Lee fills the seat made vacant by the resignation of Mr. Brian Laibow from the Company's Board of Directors who has resigned in order to pursue other opportunities. Mr. Laibow was serving on the Company's Board and was a member of the Committee since January 2020. The Company would like to thank Mr. Laibow for his commitment and invaluable services and wishes him well in his future endeavors. The newly appointed director, Mr. Ryan Lee, is a senior vice president in Oaktree's Global Opportunities group.

Star Bulk Announces Changes to Its Board of Directors

Dorian LPG

Nordic American Tankers

Blue-chip dividend stocks are a must-have for the core portfolio. These stocks represent companies with stable cash flows and have a low beta.

Cash Flow Kings: 3 Stocks Boasting Over 10% In Dividend Yields

ATHENS, Greece, Aug. 23, 2023 (GLOBE NEWSWIRE) -- Star Bulk Carriers Corp. (the “Company” or “Star Bulk”) (Nasdaq: SBLK), a global shipping company focusing on the transportation of dry bulk cargoes, today announced that the US dividend tax treatment forms for the 4 quarters of 2022 (showing that a portion of dividends received by US taxpayers represent return of capital for US taxpayers) are now available and can be found on the Company's website at http://www.starbulk.com.

Star Bulk Announces Availability of US Dividend Tax Treatment Forms

Marine shipping industry offers high dividend yields due to volatility and fluctuating shipping rates. Star Bulk Carriers Corp. experienced a decrease in earnings due to lower dry bulk rates in Q2 2023. Star Bulk Carriers has low operating expenses and is investing in efficiency upgrades and emissions compliance.

Star Bulk Carriers: 8% Dividend Yield, Lower Debt

Star Bulk Carriers Corporation (NASDAQ:SBLK ) Q2 2023 Earnings Conference Call August 4, 2023 11:00 AM ET Company Participants Christos Begleris - Co-CFO Nicos Rescos - COO Charis Plakantonaki - Chief Strategy Officer Petros Pappas - Founder, CEO & Director Hamish Norton - President Simos Spyrou - Co-CFO Conference Call Participants Christopher Robertson - Deutsche Bank Omar Nokta - Jefferies Operator Thank you for standing by, ladies and gentlemen, and welcome to the Star Bulk Carriers Conference Call on the Second Quarter 2023 financial results. We have with us Mr.

Star Bulk Carriers Corporation (SBLK) Q2 2023 Earnings Call Transcript

Star Bulk Carriers (SBLK) came out with quarterly earnings of $0.47 per share, missing the Zacks Consensus Estimate of $0.50 per share. This compares to earnings of $2 per share a year ago.

Star Bulk Carriers (SBLK) Q2 Earnings Lag Estimates

Star Bulk Carriers' upcoming Q2 earnings will cap a difficult H1 that was impacted by a sharp drop in dry bulk shipping rates in 2023. SBLK is down more than 30% in the past year in tandem with declining rates but flat YTD, indicating that investors are holding on to hopes of a recovery. Investor optimism is fueled by changing monetary policy, constrained supply of shipping vessels, and China's infrastructure investment plans, all of which point to improved shipping rates.

Star Bulk Carriers: Smooth Sailing Ahead Despite Difficult First Half

High fuel costs and weaker market conditions are likely to dent Star Bulk's (SBLK) second-quarter 2023 results.

Star Bulk (SBLK) Gears Up for Q2 Earnings: What's in Store?

ATHENS, Greece, July 18, 2023 (GLOBE NEWSWIRE) -- Star Bulk Carriers Corp. (the "Company" or "Star Bulk") (Nasdaq: SBLK) today announced that it will release its results for the second quarter ended June 30, 2023, after the market closes in New York on Thursday, August 3, 2023. Star Bulk's management team will host a conference call to discuss the Company's financial results on Friday, August 4, 2023 at 11:00 a.m. Eastern Time (ET).

Star Bulk Announces Date for the Release of Second Quarter Ended June 30, 2023 Results, Conference Call and Webcast

In general, dividend investors have a conservative approach. The focus is on blue-chip stocks with a good track record of dividends.

3 Stocks to Buy With a Dividend Yield of Over 10%

Star Bulk Carriers Corp. stock has underperformed the S&P 500 since March, despite being a leading dry bulk shipping company. I turned more cautious then, as I assessed sellers regained control. China's tepid economic performance in H1 justified a more cautious stance on dry bulk shipping stocks. However, a more robust recovery in the second half could turn the tide. I assess that Star Bulk Carriers' attractive valuation should attract value investors to return. Its buying sentiments have also improved, suggesting dip buyers have returned.

Star Bulk Carriers: Buy The Massive Drop Before It Turns

Last month, leading dry bulk shipper Star Bulk Carriers reported seasonally weak first quarter results but still managed to generate $83.2 million in cash flow from operations. The company declared a quarterly cash dividend of $0.35 which will be payable on June 27 to all shareholders of record as of June 7. Star Bulk Carriers continues to return substantial amounts of capital to shareholders with aggregate dividend distributions and share buybacks since 2021 eclipsing $1 billion.

Star Bulk Carriers: Industry Leader Trading At A Rare Discount To Net Asset Value - Buy

Investors need to pay close attention to Star Bulk Carriers (SBLK) stock based on the movements in the options market lately.

Is the Options Market Predicting a Spike in Star Bulk Carriers (SBLK) Stock?

AP Moller - Maersk A/S

Genco Shipping & Trading

Global Ship Lease

Matson

Textainer Group Holdings Limited

Invest in the businesses that operate the massive vessels that make global trade possible.

Investing in Shipping Stocks

Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?

Wall Street Bulls Look Optimistic About Star Bulk Carriers (SBLK): Should You Buy?

Petroleo Brasileiro

CVR Partners

In the investing world, top high-yielding dividend stocks can offer robust income streams, potentially acting as strong pillars for conservative investors looking to meet their financial milestones. However, the waters can get murky when you delve into the territory of dividend stocks yielding 20% or more.

3 Dividend Stocks Yielding 20% (or More!)

Ares Commercial Real Estate

Apollo Commercial Real Estate Finance

ARMOUR Residential REIT

BrightSpire Capital

Chevron

Federal Realty Investment Trust

FS Credit Opportunities Corp

Orchid Island Capital

Ready Capital Corp

Chicago Atlantic Real Estate Finance

Trinity Capital

V.F.

Prior to April 30, 2023 my readers mentioned 26 equities in recent comments on Arnold articles. Some bad-news investments (rogues) mixed with (mostly) favorites. Thus, these are ReFa/Ro. Ten analyst-target-estimated Top-Net-Gain ReFa/Ro: CVX, ACRE, RC, FRT, IMO, REFI, VFC, BRSP, SBLK, and PBR, averaged 44.3% net gains from reader data collected 5/17/23.

Readers Reveal 26 Ideal April-May Dividend Dogs

Star Bulk Carriers Corp. (NASDAQ:SBLK ) Q1 2023 Results Conference Call May 17, 2023 11:00 AM ET Company Participants Petros Pappas - CEO Hamish Norton - President Simos Spyrou - Co-CFO Christos Begleris - Co-CFO Nicos Rescos - COO Charis Plakantonaki - CSO Conference Call Participants Chris Robertson - Deutsche Bank Omar Nokta - Jefferies Ben Nolan - Stifel Operator Thank you for standing by, ladies and gentlemen, and welcome to the Star Bulk Carriers Conference Call on the First Quarter 2023 Financial Results. We have with us Mr.

Star Bulk Carriers Corp. (SBLK) Q1 2023 Earnings Call Transcript

Star Bulk Carriers (SBLK) came out with quarterly earnings of $0.36 per share, beating the Zacks Consensus Estimate of $0.28 per share. This compares to earnings of $1.72 per share a year ago.

Star Bulk Carriers (SBLK) Q1 Earnings and Revenues Top Estimates

ATHENS, Greece, May 16, 2023 (GLOBE NEWSWIRE) -- Star Bulk Carriers Corp. (the "Company" or "Star Bulk") (Nasdaq: SBLK), a global shipping company focusing on the transportation of dry bulk cargoes, today announced its unaudited financial and operating results for the first quarter of 2023. Unless otherwise indicated or unless the context requires otherwise, all references in this press release to "we," "us," "our," or similar references, mean Star Bulk Carriers Corp. and, where applicable, its consolidated subsidiaries.

Star Bulk Carriers Corp. Reports Net Profit of $45.9 Million For the First Quarter of 2023, Declares Quarterly Dividend of $0.35 per Share and Renews Share Repurchase Program of up to $50.0 Million

Kyndryl Holdings

Target

In Monday morning trading, the Dow Jones industrials were down 0.22%, the S&P 500 down 0.15% and the Nasdaq was 0.07% lower.

News for Star Bulk Carriers Stock (SBLK)