Star Bulk Carriers (SBLK) has released an update.
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Star Bulk Carriers Corp. reported a significant increase in net profit to $106.1 million for Q2 2024 and declared a quarterly dividend of $0.70 per share, marking its fourteenth consecutive payout. The strong financial results come after the merger with Eagle Bulk Shipping and amid successful cost and revenue synergies aimed at realizing $50 million in savings by 2025. With robust liquidity and a positive outlook on the industry, the company continues to strategically navigate the dry bulk market amidst global uncertainties.
For further insights into SBLK stock, check out TipRanks’ Stock Analysis page.
