Star Bulk Carriers Stock To Go Ex-dividend Tomorrow (SBLK)

NEW YORK ( TheStreet) -- The ex-dividend date for Star Bulk Carriers (Nasdaq: SBLK) is tomorrow, March 2, 2011. Owners of shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $2.60 as of 9:31 a.m. ET, the dividend yield is 7.7%.

The average volume for Star Bulk Carriers has been 213,300 shares per day over the past 30 days. Star Bulk Carriers has a market cap of $158.9 million and is part of the services sector and transportation industry. Shares are down 3% year to date as of the close of trading on Monday.

Star Bulk Carriers Corp. operates as a shipping company providing seaborne transportation solutions in the dry bulk sector worldwide. Its vessels transport major bulks, which include iron ore, coal, and grain; and minor bulks, such as bauxite, fertilizers, and steel products. The company has a P/E ratio of 4.3, below the S&P 500 P/E ratio of 21.8.

TheStreet Ratings rates Star Bulk Carriers as sell. The company's weaknesses can be seen in multiple areas, such as its disappointing return on equity and generally disappointing historical performance in the stock itself. You can view the full Star Bulk Carriers Ratings Report.

See our dividend calendar or top-yielding stocks list.

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