New York-listed Eagle Bulk Shipping is now in prime position to bring out something that's been on the minds of both investors and equity analysts — a quarterly shareholder dividend.

A $400m refinancing disclosed by the Stamford, Connecticut-based shipowner on Friday is believed to remove any restrictions on such payouts, where there had been some under both the $176m Norwegian bond and existing credit facilities that are being retired.

That paves the way for Gary Vogel-led Eagle to more efficiently return capital to shareholders.