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, May 19, 2011. Owners of shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $2.25 as of 9:32 a.m. ET, the dividend yield is 8.7%.

The average volume for Star Bulk Carriers has been 170,400 shares per day over the past 30 days. Star Bulk Carriers has a market cap of $145.8 million and is part of the services sector and transportation industry. Shares are down 15.4% year to date as of the close of trading on Tuesday.

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.
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TheStreet Ratings rates Star Bulk Carriers as a hold. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth and expanding profit margins. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. You can view the full Star Bulk Carriers Ratings Report.

See our dividend calendar or top-yielding stocks list.

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