Safe Bulkers Announces Cash Dividends for Preferred Shares
MONACO — Safe Bulkers, Inc. (the “Company”) (NYSE: SB), a prominent player in the marine drybulk transportation sector, has recently made an important announcement regarding cash dividends. The Company's Board of Directors has approved dividends for its 8.00% Series C and Series D Cumulative Redeemable Perpetual Preferred Shares.
Details of the Dividend Declaration
Shareholders can expect a cash dividend of $0.50 per share on both the Series C and Series D Preferred Shares. This dividend pertains to the period from January to April of the current year, specifically covering the timeframe from January 30, 2025, to April 29, 2025. The payment is scheduled for April 30, 2025, to all registered shareholders as of April 17, 2025.
Quarterly Dividend Payments
The dividends will be processed every quarter, ensuring that shareholders receive regular income from their investments. The distribution follows a schedule where the payment date is normally the 30th day of January, April, July, and October, with adjustments if the date falls on a weekend or public holiday.
Factors Influencing Future Dividends
The declaration of future dividends remains at the discretion of the Company's Board of Directors. Many factors will influence this decision, including the financial health of the Company, profitability, and strategies for growth and fleet expansion. Other considerations include the laws governing the operations, existing debt agreements, and the state of the global economy.
About Safe Bulkers, Inc.
Safe Bulkers, Inc. specializes in marine dry-bulk transportation, moving significant cargo types like grain, coal, and iron ore across well-established global trade routes. The Company has gained recognition for its reliable services to major industrial users reliant on efficient shipping solutions. Investors can find the Company's common stock and preferred shares, listed as “SB”, “SB.PR.C”, and “SB.PR.D” on the NYSE.
The Future Outlook for Safe Bulkers
As Safe Bulkers continues to operate in a competitive marketplace, the Company remains committed to optimizing its fleet and enhancing its transportation strategies. Management is continuously evaluating growth opportunities and operational efficiencies, which will ultimately inform their approach to dividends and shareholder value creation.
Contact for Further Information
For any inquiries regarding this announcement or additional information about the Company, stakeholders are encouraged to reach out directly:
Company Contact:
Dr. Loukas Barmparis
President
Safe Bulkers, Inc.
Phone: +30 2 111 888 400
+357 25 887 200
Email: directors@safebulkers.com
Investor Relations / Media Contact:
Nicolas Bornozis, President
Capital Link, Inc.
230 Park Avenue, Suite 1536
New York, N.Y. 10169
Phone: (212) 661-7566
Fax: (212) 661-7526
Email: safebulkers@capitallink.com
Frequently Asked Questions
What are the declared dividends by Safe Bulkers, Inc.?
Safe Bulkers has declared a cash dividend of $0.50 per share on its 8.00% Series C and D Preferred Shares.
When will shareholders receive their dividends?
Dividends are scheduled for payment on April 30, 2025, to shareholders recorded by April 17, 2025.
How often does Safe Bulkers pay dividends?
Dividends are paid quarterly, typically on the 30th day of January, April, July, and October.
What factors influence future dividend payments?
Future dividends depend on the company’s earnings, financial condition, growth strategies, and prevailing economic conditions.
How can I contact Safe Bulkers for more information?
Interested parties can contact the company through Dr. Loukas Barmparis or Nicolas Bornozis via the provided email addresses or phone numbers.
