Star Bulk Carriers announces amended dividend policy

Star Bulk Carriers (SBLK) announced that the Company’s Board further amended its dividend policy which was in place since 2021. Under the amended dividend policy, as set out herein below, the Company may approve an allocation of up to 60% of cash flow from operations less debt amortization, less maintenance/upgrade CAPEX less any deficit of cash below $2.1 million per owned vessel towards quarterly shareholder dividends. Any remaining Cash Flow to be allocated, at the Company’s discretion, to: Share repurchases: Buybacks will be prioritized when the share price is trading at a significant discount to the estimated net liquidation value of the Company’s hard assets Growth Opportunities: Cash Flow may be also used for opportunistic vessel acquisitions and investments that will create enhanced returns over time and for general corporate purposes.