FAQS
What are Star Bulk’s ISIN and CUSIP numbers?
For Star Bulk common shares (SBLK) the ISIN is MHY8162K2046 and the CUSIP number is Y8162K 204.
Does the company offer a Direct Stock Purchase Plan?
Star Bulk Carriers currently does not offer a Direct Stock Purchase Plan.
Does the company offer a Dividend Reinvestment Plan?
Star Bulk Carriers currently does not offer a Dividend Reinvestment Plan.
What is the Tax Treatment for our Dividend Payments
We believe that, under current law, our dividend payments from earnings and profits would constitute "qualified dividend income" and as such will generally be subject to a 15% United States federal income tax rate with respect to non-corporate individual stockholders. Distributions in excess of our earnings and profits will be treated first as a non-taxable return of capital to the extent of a United States stockholder's tax basis in its common stock on a Dollar-for-Dollar basis and thereafter as capital gain.
Dividend Policy
In December 2024, our Board of Directors, amended our then existing dividend policy, under which we 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 (“Cash Flow”), towards quarterly shareholder dividends. The remaining Cash Flow may be allocated, at our discretion, to i) share repurchases, which will be prioritized when the share price is trading at a significant discount to the estimated net liquidation value of our hard assets and ii) growth opportunities, as well as may be used for opportunistic vessel acquisitions and investments that will create enhanced returns over time and for general corporate purposes.
Any future dividends remain subject to approval of our Board of Directors each quarter after its review of our financial performance and will depend upon various factors, including but not limited to the prevailing charter market conditions, capital requirements, limitations under our credit agreements and applicable provisions of Marshall Islands law. There can be no assurance that our Board of Directors will declare any dividend in the future
Since Star Bulk is a holding company with no material assets other than the shares of its subsidiaries through which it conducts its operations, Star Bulk’s ability to pay dividends will depend on its subsidiaries distributing their earnings and cash flow to it. Any future dividends declared will be at the discretion and remain subject to approval of our Board each quarter, after its review of our financial condition and other factors, including but not limited to our earnings, prevailing charter market conditions, capital requirements, limitations under our debt agreements and applicable provisions of Marshall Islands law, which generally prohibits the payment of dividends other than from operating surplus or while a company is insolvent or would be rendered insolvent upon the payment of such dividend. Star Bulk’s dividend policy and declaration and payment of dividends may be changed at any time and are subject to legally available funds and the Board’s determination that each declaration and payment is at the time in the best interests of Star Bulk and its shareholders after its review of our financial performance. There can be no assurance that our Board will declare or pay any dividend in the future.
What do I do if I lose my share certificates?
If you are a shareholder of record (i.e. hold your shares directly in your name), you should contact our transfer agent.
Contacting Computershare
Please direct your inquiries and transaction requests to Computershare using the options below:
Website: www.computershare.com/us
Telephone inquiries: 1-888-888-8888, option 1 (U.S.) or 1-888-888-8888, option 1 (non-U.S.)
E-mail inquiries: web.queries@computershare.com
Broker inquiries: 1-866-690-8162, option 1 (U.S.) or 1-781-575-4019, option 1 (non-U.S.)
Written requests:
By Mail: By Overnight Delivery:
Computershare Computershare
P.O. Box 43006 150 Royall St., Suite 101
Providence RI 02940-3006 Canton MA 02021
How can I change my address or name on my shareholder account?
If you are a shareholder of record (i.e. hold your shares directly in your name), you should contact our transfer agent.
Contacting Computershare
Please direct your inquiries and transaction requests to Computershare using the options below:
Website: www.computershare.com/us
Telephone inquiries: 1-888-888-8888, option 1 (U.S.) or 1-888-888-8888, option 1 (non-U.S.)
E-mail inquiries: web.queries@computershare.com
Broker inquiries: 1-866-690-8162, option 1 (U.S.) or 1-781-575-4019, option 1 (non-U.S.)
Written requests:
By Mail: By Overnight Delivery:
Computershare Computershare
P.O. Box 43006 150 Royall St., Suite 101
Providence RI 02940-3006 Canton MA 02021
If your shares are held in Street name, you should contact your brokerage firm.
Who is Star Bulk's transfer agent? What does a transfer agent do?
COMPUTERSHARE TRUST COMPANY, N.A.
150 Royall St., Suite 101
Canton MA 02021
Transfer agents maintain share registers for their client companies. They issue and cancel share certificates, process and pay dividends, administer dividend programs, resolve issues arising from lost or stolen certificates and answer questions from shareholders about their accounts.
Need Help?
FAQs: www-us.computershare.com/Investor/#Help/FAQ
How to Videos: www-us.computershare.com/Investor/#Help/HowToVideos
Contacting Computershare
Please direct your inquiries and transaction requests to Computershare using the options below:
Website: www.computershare.com/us
Telephone inquiries: 1-888-888-8888, option 1 (U.S.) or 1-888-888-8888, option 1 (non-U.S.)
E-mail inquiries: web.queries@computershare.com
Broker inquiries: 1-866-690-8162, option 1 (U.S.) or 1-781-575-4019, option 1 (non-U.S.)
Written requests:
By Mail: By Overnight Delivery:
Computershare Computershare
P.O. Box 43006 150 Royall St., Suite 101
Providence RI 02940-3006 Canton MA 02021
Who may I contact about specific investor relations issues?
If you are unable to find the information you are looking for on this website, you may contact:
Nicolas Bornozis
Capital Link, Inc. (New York)
Phone: 1-212-661-7566
E-mail: starbulk@capitallink.com
How do I provide my contact information to receive e-mail alerts for Star Bulk's financial information?
You may sign up by entering your e-mail address and contact information on our website under "Investor Relations-E-Mail Alerts".
When does Star Bulk's fiscal year end?
Our fiscal year follows the calendar year: first quarter ends March 31, second quarter ends June 30, third quarter ends September 30 and fourth quarter ends December 31. Our fiscal year ends on December 31.