Star Bulk Carriers is providing shareholders a quarterly dividend, making it the second bulker owner in two weeks to offer such a bonus after a several-year hiatus.
The Petros Pappas-led owner Wednesday declared a $0.05 stakeholder perk for the third quarter, marking the first such dividend since putting up $0.15 in September 2012.
The New York-listed company also implemented a future dividend policy in which it plans to give a quarterly dividend if it has a minimum cash balance after subtracting a certain minimum cash balance per ship.
