Brief: Star Bulk Carriers Renews Share Repurchase Program Of Up To $50 Million

Star Bulk Carriers

16/05/2023 22:49

May 16 (Reuters) - Star Bulk Carriers Corp  4FAP.F :
    * REPORTS NET PROFIT OF $45.9 MILLION FOR THE FIRST QUARTER
OF
2023, DECLARES QUARTERLY DIVIDEND OF $0.35 PER SHARE AND RENEWS
SHARE REPURCHASE PROGRAM OF UP TO $50.0 MILLION
    * Q1 ADJUSTED EARNINGS PER SHARE $0.36
    * Q1 EARNINGS PER SHARE $0.44
    * Q1 EARNINGS PER SHARE VIEW $0.28 -- REFINITIV IBES DATA
    * OPTIMISTIC ABOUT MEDIUM TERM PROSPECTS OF DRY BULK MARKET
GIVEN
FAVORABLE ORDER BOOK AND UPCOMING ENVIRONMENTAL REGULATIONS
    * AUTHORIZED A NEW SHARE REPURCHASE PROGRAM OF UP TO AN
AGGREGATE
OF $50 MILLION
    * BOARD OF DIRECTORS CANCELED PREVIOUS SHARE REPURCHASE
PROGRAM
UNDER WHICH $8.5 MILLION WAS STILL OUTSTANDING

Source text for Eikon:  ID:nGNX5DqvTg 
Further company coverage:  4FAP.F 

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