What is the company's dividend policy or any announced share buyback plans, and how might they affect shareholder returns?

Dividend policy / share‑buyback outlook

The Castor Maritime Q1‑2025 release does not contain any reference to a dividend declaration, nor does it announce a share‑repurchase program. As a capital‑intensive, growth‑focused shipping and energy operator, Castor has historically relied on reinvesting cash flow into fleet expansion, new contracts and debt reduction rather than returning capital to shareholders via regular payouts. Consequently, the company’s current dividend policy can be described as “no dividend – cash retained for growth” and there are no buy‑back plans disclosed at this time.

Implications for shareholder returns

• Total‑return focus: With cash being funneled back into the business, the primary driver of shareholder value will be share‑price appreciation stemming from higher freight rates, fleet utilization improvements, and any strategic acquisitions. Investors should therefore price the stock on a forward‑looking earnings multiple (e.g., EV/EBITDA) and monitor the company’s growth metrics rather than dividend yield.
  
• Potential upside from future buy‑backs: If Castor later announces a share‑repurchase, the limited float could compress the price‑to‑earnings multiple, delivering a short‑term boost to returns. Until such a signal is given, the market will price the stock assuming continued cash‑retention, so any unexpected buy‑back would likely be viewed as a positive catalyst.
  
• Actionable stance: Given the absence of dividend or buy‑back signals, a long‑oriented, growth‑biased position is appropriate. Look for entry points on technical support levels (e.g., the recent 20‑day moving‑average bounce) and hold through earnings cycles, while staying alert for any corporate‑action announcements that could materially alter the return profile.