Star Bulk Dividend Shocks Investors as The Respected Global Tanker Company Announces A Dividend Topping A 20% Payout!
Last week, ticker $SBLK announced a $1.25 quarterly dividend. Moreover, with the stock trading in the low $20’s per share that amounts to an eye-popping 20%+ annual dividend!
Furthermore, this action would be more understandable if Star Bulk was a smaller less respected player. As a result, the aggressive financial move would be shrugged off as a young executive bragging. But, with this dividend coming from an industry leader in Star Bulk.
Moreover, investors are asking the question, how insane has global shipping become?
Furthermore, will this continue for the foreseeable future?
Star Bulk seems to think so.
The global supply shortage has affected almost every business on the planet. In addition, the US White House seems to have no idea how to fix it in the short term. So one would expect these global bottlenecks to remain in place. As a result, Star Bulk will be rolling in the money as vendors and manufacturers pay outrageous shipping expenses to get their goods to their customers.