Safe Bulkers, Inc. has announced a quarterly dividend of $0.50 per share on its 8.00% Series C and Series D Cumulative Redeemable Perpetual Preferred Shares. This decision, made by the company's Board of Directors, underscores Safe Bulkers' commitment to returning value to its shareholders.
The dividend is applicable for the period from July 30, 2026, to October 29, 2026, and will be paid on October 30, 2026, to all shareholders of record as of October 16, 2026. Dividends on these preferred shares are typically paid quarterly in arrears.
Safe Bulkers, Inc. operates in the deep sea foreign transportation of freight sector, providing marine drybulk transportation services. The company transports bulk cargoes like coal, grain, and iron ore along global shipping routes for major users of marine transportation services. The company's common stock is dual-listed on the NYSE and Euronext Athens under the ticker symbol SB, with its preferred shares trading under SB.PR.C and SB.PR.D.
The declaration of this dividend is a positive signal regarding the company's financial health and its ongoing strategy to maintain shareholder returns. However, the company notes that future dividends will be subject to the discretion of its Board of Directors and will depend on various factors, including earnings, financial condition, and market conditions.
As the maritime transportation industry navigates ongoing challenges, including fluctuating demand and global economic conditions, the decision to declare a dividend may influence competitors in the sector. Safe Bulkers' commitment to returning capital to shareholders may set a benchmark for others in the industry.
Details on future filings or additional announcements were not provided in the recent filing.