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Edited Transcript of SBLK earnings conference call or presentation 21-Nov-19 4:00pm GMT [Yahoo! Finance News]

Star Bulk Carriers Corp. - Common Shares (SBLK) 
Last star bulk carriers corp. - common shares earnings: 2/19 05:44 pm Check Earnings Report
US:NASDAQ Investor Relations: starbulk.com/en/investor-relations
Edited Transcript of SBLK earnings conference call or presentation 21-Nov-19 4:00pm GMT In Slide 4, we discuss our new dividend policy. We are happy to be announcing a cash dividend for the quarter of $0.05 per share as well as establishing a transparent dividend policy, under which the company will distribute dividends once our quarterly total cash balance exceeds the set thresholds presented in the slide. We aim to gradually increase the quarterly cash thresholds over the next 8 quarters, reaching a final threshold of $2.1 million per vessel in Q3 2021. We believe the policy safeguards our strong balance sheet, whilst creating value by returning cash to our shareholders. Please turn now to Slide 5, where we summarize our operational performance for the quarter. Operating expenses were at $3,693 per day per vessel for the quarter and $3,876 per day for the 9-month period of 2019. As many of our vessels are close to or have performed a dry dock recently, they usually spend less on OpE Show less Read more
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