Safe Bulkers, Inc (SB) To Go Ex-Dividend on August 13th

Safe Bulkers, Inc (NYSE:SB) declared a quarterly dividend on Tuesday, July 28th. Investors of record on Thursday, August 13th will be paid a dividend of 0.075 per share by the shipping company on Wednesday, August 26th. This represents a c) annualized dividend and a yield of 4.0%. The ex-dividend date is Thursday, August 13th. This is a 25.0% increase from Safe Bulkers’s previous quarterly dividend of $0.06.

Safe Bulkers has a dividend payout ratio of 35.7% meaning its dividend is sufficiently covered by earnings.

Safe Bulkers Stock Performance

Shares of NYSE:SB opened at $7.51 on Tuesday. The firm’s 50 day simple moving average is $6.97 and its 200-day simple moving average is $6.56. The firm has a market cap of $764.74 million, a PE ratio of 9.63 and a beta of 0.84. Safe Bulkers has a one year low of $4.12 and a one year high of $8.05. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.00 and a current ratio of 1.00.

Safe Bulkers (NYSE:SB) last issued its quarterly earnings data on Tuesday, July 28th. The shipping company reported $0.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.06. The company had revenue of $87.47 million for the quarter, compared to analyst estimates of $77.50 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 dry bulk shipping company engaged in the ocean transport of commodities such as iron ore, coal, grain, and fertilizers. The company operates a modern fleet of vessels, including Panamax, Supramax and Kamsarmax bulk carriers, designed to serve a variety of trade routes and cargo types. Safe Bulkers’ fleet is employed under both time charter and voyage charter arrangements, offering flexibility to respond to market demand and optimize vessel utilization.

Founded in 2008, Safe Bulkers began trading its shares on the New York Stock Exchange in the same year, establishing itself as a publicly listed provider of dry bulk transportation services.