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, February 24, 2012. Owners of shares as of market close today will be eligible for a dividend of one cent per share. At a price of $1.02 as of 9:57 a.m. ET, the dividend yield is 5.9%.

The average volume for Star Bulk Carriers has been 292,900 shares per day over the past 30 days. Star Bulk Carriers has a market cap of $62.4 million and is part of the services sector and transportation industry. Shares are up 16.8% year to date as of the close of trading on Wednesday.

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 sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, 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.

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