05:57 PM EDT, 05/22/2024 (MT Newswires) -- Star Bulk Carriers ( SBLK ) reported Q1 adjusted earnings late Wednesday of $0.87 per diluted share, up from $0.36 a year earlier.

Four analysts polled by Capital IQ expected $0.90.

Voyage revenue in the quarter ended March 31 rose to $259.4 million from $224 million a year earlier. Four analysts surveyed by Capital IQ expected revenue of $206.1 million, if comparable.

The company boosted its quarterly dividend $0.30 to $0.75 a share, payable around June 20 to shareholders of record June 6.

Shares of the company rose 2.8% in recent after-hours activity.

Price: 26.28, Change: +0.71, Percent Change: +2.78