Star Bulk Carriers Corp. (NASDAQ: SBLK), 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 September 30, 2009. The dividend is payable on or about December 4th, 2009 to shareholders of record as of November 27th, 2009. The Company received written consent from each of its lenders for the declaration and payment of this dividend in respect of the third quarter of 2009, as required under the terms of the Company's waiver agreements with its lenders, in effect up to February 2010.