Safe Bulkers, Inc. Announces Latest Preferred Shares Dividend
Safe Bulkers, Inc. Dividend Announcement on Preferred Shares
Safe Bulkers, Inc. (the "Company"), recognized globally for its marine drybulk transportation services, recently announced that its Board of Directors has declared a cash dividend on its 8.00% Series C and Series D Cumulative Redeemable Perpetual Preferred Shares.
Details of the Dividend Declaration
The Company specified that a cash dividend of $0.50 per share will be issued for both the Series C and Series D Preferred Shares. This dividend covers the period from April 30 to July 29, 2025.
Payment Information
Shareholders on record as of July 18, 2025, will receive their dividends on July 30, 2025. These dividends are scheduled to be paid quarterly in arrears on the 30th day of January, April, July, and October each year. Notably, if any of these dates fall on a weekend or holiday, payments will roll over to the next business day.
Future Dividends and Company Discretion
While Safe Bulkers, Inc. has consistently paid dividends, the declaration and payment of future dividends remain at the discretion of the Company’s Board of Directors. These decisions will depend on several factors including the Company’s earnings, financial health, and cash flow requirements.
Factors Influencing Dividend Payments
Factors influencing the issuance of dividends include:
- The Company’s financial performance and cash liquidity.
- Strategic decisions regarding fleet expansion and renewal.
- Legal regulations governing dividend payments.
- Conditions of existing debt agreements.
- Global economic environment and market conditions.
Profile of Safe Bulkers, Inc.
Safe Bulkers, Inc. operates in the marine dry bulk segment, specializing in transporting bulk commodities like coal, grain, and iron ore through established shipping routes. The Company’s common stock and preferred shares, including the Series C and D, are publicly traded on the NYSE under the symbols "SB", "SB.PR.C", and "SB.PR.D".
Company Contact Information
To learn more about the Company or for inquiries, you can reach out to:
Contact:Dr. Loukas Barmparis
President
Safe Bulkers, Inc.
Tel.: +30 2 111 888 400
+357 25 887 200
E-Mail: directors@safebulkers.com
Frequently Asked Questions
What dividends have been declared by Safe Bulkers, Inc.?
Safe Bulkers, Inc. announced a cash dividend of $0.50 per share on both Series C and Series D preferred shares.
Who is eligible for the dividend payout?
Shareholders on record as of July 18, 2025, will be eligible for the dividend payout.
When will the dividends be paid?
The dividends will be paid on July 30, 2025.
How often does Safe Bulkers pay dividends?
Dividends are paid quarterly, typically on the 30th of January, April, July, and October.
What factors affect future dividend declarations?
The Board of Directors considers various factors including earnings, financial health, and market conditions before declaring dividends.
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