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Star Bulk Carriers Corp, known by the ticker symbol SBLK,  is a mid-cap seaborne dry bulk transport company, operating in the industrials business sector. This is my first report on SBLK  for this Viital portfolio or any of my previous six portfolios.

Star Bulk Carriers Corp provides seaborne transportation solutions in the dry bulk sector. The company owns and operates dry bulk carrier vessels, which are used to transport major bulks, such as iron ore, coal, grains, bauxite, fertilizers, and steel products. 

As of March 16, 2021, it had a fleet of 128 vessels with an aggregate capacity of approximately 14.1 million deadweight tons, including Newcastlemax, Capesize, Post Panamax, Kamsarmax, Panamax, Panamax, and Supramax. It generates revenues through the voyages it carries out.

The company also provides vessel management services. 

Star Bulk Carriers Corp. was incorporated in 2006 and is based in Maroussi, Greece.

SBLK Dividends

Three key data points gauge any dividend equity or fund such as Star Bulk Carriers Corp (SBLK):

(1) Price

(2) Dividends

(3) Returns

Those three basic keys best tell whether any company has made, is making, and will make money. 

SBLK Price

Star's price per share was $28.16 as of yesterday's market close. One year ago its price was $15.79. Therefore, SBLK's share price rose $12.37 or about 78% in the past year. 

If Star's stock trades in the range of $8.00 to $38.00 this next year, its recent $28.16 share price might rise by $5.84 to reach $34.00 by March 17, 2023. My $1584 estimate is  in line with the median of target price estimates from 8 analysts tracking Star Bulk Carriers Corp for brokerages.

Star Bulk Carriers Corp's most recently declared quarterly dividend of $2.00 per share was paid March 15th, to shareholders on record as of March 1st.  The SBLK past year dividend payout per share of $4.25 yields 15.09% per share at yesterday's $28.16 closing price. 

Star Bulk Carriers Corp has paid variable dividend payouts since December 16, 2019. That stretch marked 2 years in December.

SBLK Returns

Adding the $4.24 Star past year dividend to the estimated one-year price upside of $5.84 shows a $10.08 potential gross gain, per share, to be reduced by any costs to trade Star Bulk Carriers Corp shares.  

At yesterday's $28.16 price per share, a little over $1000 would buy 36 shares.

A $10 broker fee (if charged) would be paid half at purchase and half at sale and might cost us about $0.28 per share.

Subtract that maybe $0.28 brokerage cost from my estimated $10.08 gross gain estimate per share results in a net gain of $9.80 X 36 shares = $352.80 for a 35.28% net gain on a $1,013.76 investment.

So it is that Star Bulk Carriers Corp shows a possible 35.28% net gain including a 15.09% past year dividend yield. 

Over the next year at this time our $1000 investment in Star Bulk Carriers Corp could generate $150.90 in cash dividends alone. Note that a single share of SBLK stock bought at yesterday's single share price of $28.16 is over 5.25 times less than the dividend income from our $1000.00 invested. So, by my dogcatcher ideal, now IS the time to buy Star Bulk Carriers Corp shares. The estimated next-year dividend from $1K invested is 5.36 times greater than yesterday's single share price. Consider yourself alerted. Its a sign!  

All of the estimates above are speculation based on the past history of Star Bulk Carriers Corp (SBLK). Only time and money invested in this stock will determine its market value.