Safe Bulkers, Inc. Announces Dividends for Preferred Shares
Dividend Declaration by Safe Bulkers, Inc.
Safe Bulkers, Inc., an established entity in marine drybulk transportation, has made a significant announcement regarding its dividend payouts. The company's Board of Directors recently declared cash dividends on both its 8.00% Series C and Series D Cumulative Redeemable Perpetual Preferred Shares.
Details of the Dividend Payments
The declared dividend stands at $0.50 per share for each of the Series C and Series D Preferred Shares. This allocation applies to the dividend period starting October 30, 2024, and extending till January 29, 2025. This is an essential update for shareholders looking for returns on their investments during this specific timeframe.
Payment Schedule for Shareholders
Shareholders can expect these dividends to be paid on January 30, 2025. This will specifically benefit all individuals who are on record as of January 17, 2025, for both Series C and Series D shares. Safe Bulkers maintains a consistent payment schedule, offering dividends quarterly on the 30th of January, April, July, and October. This ensures regular cash flow for dividend-eligible shareholders.
Factors Influencing Dividend Decisions
It is important to note that the declaration and subsequent payment of these dividends remain contingent on several factors. The Board of Directors considers the Company’s earnings, its overall financial condition, cash availability, and the ability to secure favorable debt and equity financing. Global economic conditions also play a pivotal role in these financial decisions.
About Safe Bulkers, Inc.
Safe Bulkers, Inc. has established itself as a recognized provider of marine dry-bulk transportation services. The company is involved in transporting bulk cargoes such as coal, grain, and iron ore across various shipping routes globally. Safe Bulkers is publicly traded on the NYSE under the ticker symbol "SB," with - PC and - PD representing its Series C and Series D preferred stocks.
Contact Information
For any inquiries or additional information regarding the dividend declarations or company operations, interested parties can reach out directly to:
Company Contact
Dr. Loukas Barmparis
President
Safe Bulkers, Inc.
Tel.: +30 2 111 888 400
+357 25 887 200
E-Mail: directors@safebulkers.com
Investor Relations
Paul Lampoutis
Capital Link, Inc.
230 Park Avenue, Suite 1536
New York, N.Y. 10169
Tel.: (212) 661-7566
Fax: (212) 661-7526
E-Mail: safebulkers@capitallink.com
Frequently Asked Questions
What dividend amount has Safe Bulkers declared?
The company 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 January 30, 2025, for shareholders of record by January 17, 2025.
What factors influence the payment of dividends?
Dividend payments depend on the company’s earnings, financial condition, cash requirements, and economic conditions.
Where can I find more information about Safe Bulkers?
For further information, you can contact Dr. Loukas Barmparis directly or reach out to the investor relations team at Capital Link, Inc.
What is the ticker symbol for Safe Bulkers?
Safe Bulkers trades on the NYSE under the ticker symbol "SB" for its common stock and corresponding symbols for its preferred shares.
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