Star Bulk Carriers posts strong Q2 with $1.23 EPS and 12% dividend yield, expects solid full-year results.

Star Bulk Carriers Corp. reported strong Q2 results, beating expectations with earnings per share of $1.23 and a robust dividend of $0.90, yielding 12%. The company maintains a strong financial position, holding $565 million in cash against $981 million in debt, with debt valued below scrap value. The valuation stands at 0.85 times net asset value, supported by resilient market rates and disciplined management. The outlook remains positive with anticipated continued strong earnings in Q3 and Q4, supporting a full-year EPS of around $4 and a fair share value estimated at $35, driven by a dividend yield exceeding 10%.