Star Bulk Carriers SBLK has declared a dividend of 5ยข per share to be paid to shareholders of record 7 July 2009. In the press release the company stated that they must receive approval from their lenders to continue dividend payments in the 3rd and 4th quarters of 2008.
Star Bulk now gets to move from my suspended dividend list to the dividend paying list. This will definitely affect Y-T-D returns of the suspended list. SBLK is/was the best performing stock on the list, up 42% so far this year. Even with Star Bulk’s positive performance the total list (equal dollar weighted) is down 15.6% so far in 2009.
Star Bulk Carriers restarts dividend
Star Bulk Carriers *.
Star Bulk Carriers SBLK has declared a dividend of 5ยข per share to be paid to shareholders of record 7 July 2009. In the press release the company stated that they must receive approval from their lenders to continue dividend payments in the 3rd and 4th quarters of 2008.
Star Bulk now gets to move from my suspended dividend list to the dividend paying list. This will definitely affect Y-T-D returns of the suspended list. SBLK is/was the best performing stock on the list, up 42% so far this year. Even with Star Bulk’s positive performance the total list (equal dollar weighted) is down 15.6% so far in 2009.