Are Shipping Stocks the Best Value Play of 2011? Monday, January 31, 2:17 PM ET, by Market News Video Staff Over the past month, drybulk shippers have watched the Baltic Dry Index fall from just ...
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Ex-Div Reminder for Star Bulk Carriers Corp (SBLK) Wednesday, May 18, 10:06 AM ET, by Market News Video Staff On 5/19/11, Star Bulk Carriers Corp (SBLK) will trade ex-dividend, for its quarterly dividend of ...
On 5/19/11, Star Bulk Carriers Corp (NASDAQ:SBLK) will trade ex-dividend, for its quarterly dividend of $0.05, payable on 6/1/11. As a percentage of SBLK's recent stock price of $2.26, this dividend works out to approximately 2.21%, so look for shares of Star Bulk Carriers Corp to trade 2.21% lower — all else being equal — when SBLK shares open for trading on 5/19/11.
Below is a dividend history chart for SBLK, showing historical dividends prior to the most recent $0.05 declared by Star Bulk Carriers Corp:
SBLK Dividend History
Date
Div*
03/02/11
0.050
11/26/10
0.050
08/23/10
0.050
05/26/10
0.050
03/04/10
0.050
11/24/09
0.050
07/02/09
0.050
11/25/08
0.175
08/06/08
0.341
05/14/08
0.341
02/21/08
0.097
* Data may be adjusted for splits; we are not responsible for data errors; always verify data with the company.
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from SBLK is likely to continue, and whether the current estimated yield of 8.85% on annualized basis is a reasonable expectation of annual yield going forward.
SBLK operates in the Shipping sector, among companies like Aegean Marine Petroleum Network Inc (NYSE:ANW) which is up about 1% today, and CAI International Inc (NYSE:CAP) trading up by about 5.2%. Below is a three month price history chart comparing the stock performance of SBLK, versus ANW and CAP.
In Wednesday trading, Star Bulk Carriers Corp shares are currently trading flat on the day.
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