Safe Bulkers, Inc (NYSE:SB – Get Free Report) announced a quarterly dividend on Monday, November 9th. Stockholders of record on Wednesday, November 25th will be given a dividend of $0.09 per share by the shipping company on Wednesday, December 9th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date is Wednesday, November 25th. This is a 20.0% increase from Safe Bulkers’s previous quarterly dividend of $0.0750.
Safe Bulkers has a payout ratio of 35.7% indicating that its dividend is sufficiently covered by earnings.
Safe Bulkers Price Performance
NYSE SB opened at $7.18 on Tuesday. The company has a debt-to-equity ratio of 0.39, a current ratio of 1.00 and a quick ratio of 1.00. The firm has a market capitalization of $731.65 million, a price-to-earnings ratio of 9.21 and a beta of 1.09. The company has a 50 day simple moving average of $8.31 and a 200-day simple moving average of $7.12. Safe Bulkers has a 52-week low of $4.66 and a 52-week high of $9.31.
Safe Bulkers (NYSE:SB – Get Free Report) last announced its quarterly earnings data on Monday, November 9th. The shipping company reported $0.31 EPS for the quarter, beating analysts’ consensus estimates of $0.28 by $0.03. The firm had revenue of $91.03 million for the quarter, compared to the consensus estimate of $85.90 million. Safe Bulkers had a net margin of 28.29% and a return on equity of 9.63%.
About Safe Bulkers
Safe Bulkers, Inc (NYSE: SB) is a marine transportation company that owns and operates dry bulk vessels. Its fleet transports major and minor bulk commodities, including iron ore, coal, grain, and other raw materials used in global industrial and agricultural supply chains.
The company operates a range of dry bulk vessel classes, including Panamax, Kamsarmax, Ultramax, Supramax, Handysize, and Capesize ships. Safe Bulkers provides transportation services to commodity producers, traders, and other commercial customers through international shipping routes.
Safe Bulkers was founded in 2007 and is incorporated in the Marshall Islands, with its principal executive office in Monaco.
See Also
- Five stocks we like better than Safe Bulkers
- Wall Street May Be Making a Big Mistake With monday.com Stock
- Are These 2 Mid-Cap Growth Stocks Worth the Risk?
- Oklo Changes the Narrative: Does a Nuclear Stock Price Explosion Come Next?
- Cloudflare’s 20% Sell-Off May Have Created an Opening for Investors
Receive News & Ratings for Safe Bulkers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Safe Bulkers and related companies with MarketBeat.com's FREE daily email newsletter.
