5 Best Shipping Stocks That Pay Dividends

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In this article, we will take a look at the 5 best shipping stocks that pay dividends. To skip our analysis of the recent market trends and activity, you can go directly to see the 10 Best Shipping Stocks That Pay Dividends.

5. Star Bulk Carriers Corp. (NASDAQ:SBLK)

Number Of Hedge Fund Holders: 16

Dividend Yield as of December 14: 31.60%

Star Bulk Carriers Corp. (NASDAQ:SBLK) is a shipping company that owns and operates a fleet of dry bulk career vessels. A Greece-based global shipping company, its vessels transport major bulks, which include iron ore, coal, and grain, and minor bulks, which include bauxite, fertilizers, and steel products.

On October 27, Deutsche Bank analyst Amit Mehrotra lowered the price target on Star Bulk Carriers Corp. (NASDAQ:SBLK) to $33 from $40 and maintained a Buy rating on the shares ahead of the company’s Q3 results.

At the end of Q3 2022, 16 hedge funds in Insider Monkey’s database owned stakes in Star Bulk Carriers Corp. (NASDAQ:SBLK), compared with 18 in the previous quarter. The collective value of these stakes is over $516.4 million. With over 26 million shares, Oaktree Capital Management was the company’s leading stakeholder.

Follow Star Bulk Carriers Corp (NASDAQ:SBLK)

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