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An announcement from Star Bulk Carriers ( (SBLK) ) is now available.
Star Bulk Carriers Corp. announced its unaudited financial results for the fourth quarter and the year ended December 31, 2024, reporting a net profit of $42.4 million for the quarter. The company declared a quarterly dividend of $0.09 per share and highlighted significant cost reductions and integration progress following the merger with Eagle Bulk Shipping Inc. Star Bulk also discussed its amended dividend policy and share repurchase program, reflecting its strategic financial management and operational efficiency improvements. The company remains cautiously optimistic about the dry bulk market’s medium-term outlook despite geopolitical uncertainties, emphasizing its strong balance sheet and industry expertise to capture future opportunities.
More about Star Bulk Carriers
Star Bulk Carriers Corp. is a global shipping company focused on the transportation of dry bulk cargoes, with its principal executive offices located in Athens, Greece.
YTD Price Performance: 3.87%
Average Trading Volume: 2,045,942
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $1.91B
See more insights into SBLK stock on TipRanks’ Stock Analysis page.
