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
Under its amended dividend policy, Star Bulk Carriers Corp. (the “Company”) may approve the distribution of 100% of Cash Flow for a given quarter to shareholders. For purposes of this policy, “Cash Flow” is defined as cash flow from operations less (i) debt amortization, (ii) maintenance and upgrade capital expenditures, and (iii) any cash deficit below $2.1 million per owned vessel.
Notwithstanding the Cash Flow calculation described above, the Company has established a minimum quarterly dividend of $0.05 per share, which it intends to pay even in circumstances where the quarterly Cash Flow would otherwise result in a lower or no dividend.
All dividends remain subject to quarterly approval by the Board of Directors following its review of the Company’s financial performance and position. The declaration and payment of dividends will depend on various factors, including, but not limited to, prevailing charter market conditions, the Company’s capital requirements, restrictions under existing credit agreements, and applicable provisions of Marshall Islands law. Marshall Islands law generally prohibits the payment of dividends other than from operating surplus or when a company is insolvent or would be rendered insolvent by such payment. Accordingly, there can be no assurance that the Board of Directors will declare dividends in any future period.
As a holding company with no material assets other than the shares of its operating subsidiaries, the Company’s ability to pay dividends depends upon the distribution of earnings and cash flows from such subsidiaries. The dividend policy, as well as the declaration and payment of dividends, may be modified, suspended, or discontinued at any time at the discretion of the Board of Directors, subject to applicable law and the availability of legally distributable funds. Each declaration and payment of dividends will be made only upon a determination by the Board that such action is in the best interests of the Company and its shareholders following a review of the Company’s financial performance and condition.
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.