Star Bulk Declares Dividend Of $0.05 Per Share For The Quarter Ending March 31, 2010
News Release
Star Bulk Carriers Corp.
May 21, 2010
<!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
<HTML><HEAD><TITLE></TITLE>
<META content="text/html; charset=unicode" http-equiv=Content-Type>
<META name=GENERATOR content="MSHTML 8.00.6001.18904"></HEAD>
<BODY>
<DIV><FONT color=#2b2b2b size=2 face=Arial>ATHENS, GREECE, May 19, 2010 - Star
Bulk Carriers Corp. (the "Company" or "Star Bulk") (NASDAQ: SBLK) today
announced that its Board of Directors declared a cash dividend of $0.05 per
outstanding share of the Company's common stock for the three months ending
March 31, 2010. The dividend is payable on or about June 4, 2010, to
shareholders of record as of May 31, 2010. <BR><BR>Akis Tsirigakis, President
and CEO of Star Bulk, commented: "We are pleased to continue declaring quarterly
a dividend of $0.05 per share. Based on the closing price of our share on May
18, 2010, this represents an annualized dividend yield of 7.1%. Our recent
agreements for fleet growth, achieved organically through use of own cash and
debt, demonstrate our financial strength and that our dividend distributions do
not impede our growth objectives." </FONT><BR><BR></DIV></BODY></HTML>
<HTML><HEAD><TITLE></TITLE>
<META content="text/html; charset=unicode" http-equiv=Content-Type>
<META name=GENERATOR content="MSHTML 8.00.6001.18904"></HEAD>
<BODY>
<DIV><FONT color=#2b2b2b size=2 face=Arial>ATHENS, GREECE, May 19, 2010 - Star
Bulk Carriers Corp. (the "Company" or "Star Bulk") (NASDAQ: SBLK) today
announced that its Board of Directors declared a cash dividend of $0.05 per
outstanding share of the Company's common stock for the three months ending
March 31, 2010. The dividend is payable on or about June 4, 2010, to
shareholders of record as of May 31, 2010. <BR><BR>Akis Tsirigakis, President
and CEO of Star Bulk, commented: "We are pleased to continue declaring quarterly
a dividend of $0.05 per share. Based on the closing price of our share on May
18, 2010, this represents an annualized dividend yield of 7.1%. Our recent
agreements for fleet growth, achieved organically through use of own cash and
debt, demonstrate our financial strength and that our dividend distributions do
not impede our growth objectives." </FONT><BR><BR></DIV></BODY></HTML>