🚢 Star Bulk Carriers Boosts Dividend Flexibility & Launches $100M Share Repurchase Program! 💰
Star Bulk Carriers ($SBLK (+5.24%) ) is shaking things up with an update to its dividend policy, offering more flexibility for shareholders. The company now plans to allocate up to 60% of cash flow toward quarterly dividends, after covering debt and maintenance costs. đź“Š
In addition, they’ve scrapped their old $50M share buyback program and launched a new $100M program to repurchase shares—especially when the stock is trading at a significant discount. 💥 This move comes as Star Bulk believes its shares are currently undervalued compared to the value of its assets.
Is this a smart strategy to boost shareholder value? 🤔 What do you think of Star Bulk's approach to dividends and repurchases? Let’s discuss! ⬇️
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