NEW YORK ( TheStreet) -- The ex-dividend date for Star Bulk Carriers Corp (Nasdaq: SBLK) is tomorrow, August 23, 2011. Owners of shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $1.51 as of 10:07 a.m. ET, the dividend yield is 13.7%.

The average volume for Star Bulk Carriers has been 566,100 shares per day over the past 30 days. Star Bulk Carriers has a market cap of $92.6 million and is part of the services sector and transportation industry. Shares are down 44.2% year to date as of the close of trading on Friday.

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 largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including unimpressive growth in net income, weak operating cash flow and a generally disappointing performance in the stock itself. You can view the full Star Bulk Carriers Ratings Report.

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