Star Bulk Carriers: Strong Q1 Earnings, Much Higher Dividend, 7% Yield May Rise
SGUStar Group(SGU) Seeking Alpha·2024-07-28 21:15
bfk92/E+ via Getty ImagesLooking for high-yield income on the high seas? The marine shipping industry has long been a source of high dividend yields due to the ups and downs of shipping rates and general volatility. Dry bulk rates soared in 2021 and early 2022, benefiting certain shipping companies, such as Star Bulk Carriers (NASDAQ:SBLK). Rates have decreased since then, but remain prone to volatility from external sources, such as the terrorist activity in the Red Sea. Company Profile: Star Bulk is a ...