Safe Bulkers, Inc. declares $0.50 cash dividends for Series C and D Preferred Shares, payable on July 30, 2025.
Quiver AI Summary
Safe Bulkers, Inc. has announced a cash dividend of $0.50 per share for its 8.00% Series C and Series D Cumulative Redeemable Perpetual Preferred Shares, covering the period from April 30 to July 29, 2025. The dividends will be paid on July 30, 2025, to shareholders on record as of July 18, 2025. Future dividend declarations will depend on the Board of Directors and various factors including the company's financial condition, earnings, and market conditions. The company, which operates in marine drybulk transportation, emphasizes that there is no guarantee of future dividends.
Potential Positives
- The declaration of a cash dividend of $0.50 per share on both the Series C and Series D Preferred Shares signifies the Company's strong financial position and commitment to returning value to its shareholders.
- This consistent dividend payment may enhance investor confidence and attract potential investors looking for dividend-yielding securities.
- The completion of dividend payments on July 30, 2025, provides shareholders with a clear timeline, allowing them to plan for expected income from their investments.
Potential Negatives
- Future dividends are not guaranteed and are subject to the discretion of the Board of Directors, indicating potential instability in shareholder returns.
- The company warns of significant uncertainties and risks that could materially affect operational outcomes, potentially undermining investor confidence.
- The mention of restrictive covenants in existing debt could indicate financial constraints on the company's ability to pay dividends or invest in growth.
FAQ
What is the cash dividend declared by Safe Bulkers?
Safe Bulkers declared a cash dividend of $0.50 per share on its Series C and Series D Preferred Shares.
When will the dividends be paid?
The dividends will be paid on July 30, 2025, to shareholders of record as of July 18, 2025.
How often are dividends on Preferred Shares paid?
Dividends on Series C and D Preferred Shares are payable quarterly in arrears every January, April, July, and October.
What factors influence future dividend payments?
Future dividends depend on earnings, financial condition, cash requirements, and other strategic decisions by the Board.
Can the Company guarantee future cash dividends?
No, there is no guarantee that the Company's Board will declare cash dividends in the future.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
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Wall Street analysts have issued reports on $SB in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
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Full Release
MONACO, July 02, 2025 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the “Company”) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that the Company's Board of Directors has declared:
- a cash dividend of $0.50 per share on its 8.00% Series C Cumulative Redeemable Perpetual Preferred Shares (the “Series C Preferred Shares”) (NYSE: SB.PR.C) for the period from April 30, 2025 to July 29, 2025;
- a cash dividend of $0.50 per share on its 8.00% Series D Cumulative Redeemable Perpetual Preferred Shares (the “Series D Preferred Shares”) (NYSE: SB.PR.D) for the period from April 30, 2025 to July 29, 2025.
Each dividend will be paid on July 30, 2025, to all shareholders of record as of July 18, 2025 of the Series C Preferred Shares and of the Series D Preferred Shares, respectively. Dividends on the Series C and D Preferred Shares are payable quarterly in arrears on the 30th day (unless the 30th falls on a weekend or public holiday, in which case the payment date is moved to the next business day) of January, April, July and October of each year.
The declaration and payment of future dividends, if any, will always be subject to the discretion of the Board of Directors of the Company. There is no guarantee that the Company’s Board of Directors will determine to issue cash dividends in the future. The timing and amount of any dividends declared will depend on, among other things: (i) the Company’s earnings, fleet employment profile, financial condition and cash requirements and available sources of liquidity; (ii) decisions in relation to the Company’s growth, fleet renewal and leverage strategies; (iii) provisions of Marshall Islands and Liberian law governing the payment of dividends; (iv) restrictive covenants in the Company’s existing and future debt instruments; and (v) global economic and financial conditions.
About Safe Bulkers, Inc.
The Company is an international provider of marine drybulk transportation services, transporting bulk cargoes, particularly coal, grain and iron ore, along worldwide shipping routes for some of the world’s largest users of marine drybulk transportation services. The Company's common stock, Series C and Series D preferred stock is listed on the NYSE, where it trades under the symbols “SB”, “SB.PR.C” and “SB.PR.D”, respectively.
Forward-Looking Statements
This press release contains forward-looking statements (as defined in Section 27A of the Securities Exchange Act of 1933, as amended, and in the Section 21E of the Securities Act of 1934, as amended) concerning future events, the Company’s growth strategy and measures to implement such strategy, including expected vessel acquisitions and entering into further time charters. Words such as “expects,” “intends,” “plans,” “believes,” “anticipates,” “hopes,” “estimates” and variations of such words and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates which are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, changes in the demand for drybulk vessels, competitive factors in the market in which the Company operates, risks associated with operations outside the United States and other factors listed from time to time in the Company’s filings with the Securities and Exchange Commission. The Company expressly disclaims any obligations or undertaking to release any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.
For further information please contact:
Company Contact:
Dr. Loukas Barmparis
President
Safe Bulkers, Inc.
Tel.: +30 2 111 888 400
+357 25 887 200
E-Mail:
[email protected]
Investor Relations / Media Contact:
Nicolas Bornozis, President
Capital Link, Inc.
230 Park Avenue, Suite 1536
New York, N.Y. 10169
Tel.: (212) 661-7566
Fax: (212) 661-7526
E-Mail:
[email protected]