Key Developments For Star Bulk Carriers Corp.
Star Bulk Carriers Corp. (SBLK.O) (Consolidated Issue listed on NASDAQ Global Market)
Star Bulk Carriers Corp. Announces Dividend Declaration
Star Bulk Carriers Corp. announced that its Board of Directors declared a cash dividend of $0.05 per outstanding share of the Company's common stock for the three months ending September 30, 2009. The dividend is payable on or about December 4,2009 to shareholders of record as of November 27, 2009.
Star Bulk Carriers Corp. Declares Dividend Of $0.05 Per Share For Quarter Ending September 30, 2009
Star Bulk Carriers Corp. announced that its Board of Directors has declared a cash dividend of $0.05 per outstanding share of the Company's common stock for the three months ending September 30, 2009. The dividend is payable on or about December 4, 2009 to shareholders of record as of November 27, 2009.
Star Bulk Carriers Corp. Announces New Charter For Capesize Star Beta
Star Bulk Carriers Corp. announced that The Star Beta, a Capesize vessel of 174,691 dwt, built in 1993, has been time chartered for a period of 13 to 15 months at a gross daily rate of $32,500. The vessel is expected to be delivered to its new charterers within February 2009. The Company also announced that its cash dividends and its share repurchases are being suspended.
Star Bulk Carriers Corp. Announces New Time Charter, Signs Its First Contract of Affreightment
Star Bulk Carriers Corp. announced that the Company has entered into a new one-year time charter contract for the Star Delta, a 52,434 dwt 2000 built Supramax vessel, at a gross daily rate of $11,250. The vessel is expected to be delivered to her new charterer by mid-February 2009. The Company has entered into its first Contract of Affreightment (COA) with Brazil's Companhia Vale do Rio Doce (VALE). The contract calls for transporting approximately 700,000 tonnes of iron ore between Brazil and China in four capesize vessel shipments with the first such shipment scheduled to commence during the first quarter of 2009.
Star Bulk Carriers Corp. Announces Cash And Stock Dividend Totalling $0.36 Per Share For Quarter Ended September 30, 2008
Star Bulk Carriers Corp. announced that its Board of Directors declared a cash and stock dividend on its common stock totalling $0.36 per common share for the quarter ended September 30, 2008. The dividend payment consists of a cash portion in the amount of $0.18 per share with the remaining half of the dividend payable in the form of newly issued common shares. The amount of newly issued shares will be based on the volume weighted average price of Star Bulk's shares on the NASDAQ Global Market during the five trading days before the ex dividend date or November 25, 2008. The dividend will be payable on or about December 1, 2008 to stockholders of record on November 28, 2008.
