Star Bulk Stock Gets a Dividend Jolt as SBLK Cash Returns Take Center Stage
Star Bulk Carriers reported first-quarter net profit of $58.5 million, up from $0.5 million a year earlier, and raised its quarterly dividend to $0.50 per share. Shares closed at $26.69, up 2.34%, and held steady in pre-market trade. Voyage revenue rose to $281.2 million. The results follow Diana Shipping’s push to acquire Genco, with Star Bulk set to buy 16 Genco vessels if the deal closes.