The ex-dividend date for Star Bulk Carriers Corp (Nasdaq:SBLK) is, November 25, 2011. Owners of shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $1.26 as of 9:30 a.m., the dividend yield is 15.6%.
NEW YORK ( TheStreet) -- The ex-dividend date for Star Bulk Carriers Corp (Nasdaq: SBLK) is, November 25, 2011. Owners of shares as of market close today will be eligible for a dividend of 5 cents per share. At a price of $1.26 as of 9:30 a.m. ET, the dividend yield is 15.6%. The average volume for Star Bulk Carriers has been 173,000 shares per day over the past 30 days. Star Bulk Carriers has a market cap of $81.5 million and is part of the services sector and transportation industry. Shares are down 52.1% 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. The company has a P/E ratio of 0.6, below the average transportation industry P/E ratio of 3.6 and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Star Bulk Carriers as a sell. The company's weaknesses can be seen in multiple areas, such as its unimpressive growth in net income, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. You can view the full Star Bulk Carriers Ratings Report. See our dividend calendar or top-yielding stocks list.
Investors in Star Bulk Carriers Corp saw new options begin trading this week, for the March 20th expiration. At Stock Options Channel, our YieldBoost formula has looked up and down the SBLK options chain for the new March 20th contracts and identified the following call contract of particular interest.