None of us should have been caught off guard by the cut in the divvy. Read the earnings reports and take the time to listen to the Q&A after the conference calls if you want to understand your investments.
Here's the excerpt from last year where mgt. tipped their hand while responding to Natasha's questions after the call:
Our plan also grow – our plan is also to grow so that Star Bulk emerges as a major drybulk shipping company during the upcoming markets recovery. Within this context we will review our dividend policy with our board early next year to determine the appropriate level that ensures dividend continuity as well as cash preservation to permit us to grow.