Safe Bulkers, Inc (SB) To Go Ex-Dividend on June 30th

Safe Bulkers, Inc (NYSE:SB) announced a quarterly dividend on Wednesday, June 17th. Investors of record on Tuesday, June 30th will be given a dividend of 0.06 per share by the shipping company on Thursday, July 16th. This represents a c) annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Tuesday, June 30th. This is a 20.0% increase from Safe Bulkers’s previous quarterly dividend of $0.05.

Safe Bulkers has a dividend payout ratio of 23.8% meaning its dividend is sufficiently covered by earnings.

Safe Bulkers Stock Performance

NYSE:SB opened at $6.67 on Friday. Safe Bulkers has a 1 year low of $3.56 and a 1 year high of $7.38. The firm’s fifty day simple moving average is $6.70 and its 200 day simple moving average is $6.02. The company has a current ratio of 2.90, a quick ratio of 2.63 and a debt-to-equity ratio of 0.60. The firm has a market capitalization of $681.56 million, a PE ratio of 14.81 and a beta of 0.85.

Safe Bulkers (NYSE:SB) last announced its earnings results on Wednesday, June 17th. The shipping company reported $0.18 EPS for the quarter, topping the consensus estimate of $0.10 by $0.08. The firm had revenue of $74.39 million for the quarter, compared to the consensus estimate of $65.50 million. Safe Bulkers had a net margin of 18.73% and a return on equity of 6.49%.

Safe Bulkers Company Profile

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.