Safe Bulkers, Inc. Announces Attractive Quarterly Preferred Dividends

Author: Addison Perry Updated: 10-03-2025 04:16 PM

Quarterly Dividend Announcement

Safe Bulkers, Inc. (the “Company”) (NYSE: SB), a global leader in marine drybulk transportation services, has made an important announcement regarding dividends for its preferred shares. Recently, the Company's Board of Directors declared a cash dividend of $0.50 per share for both the 8.00% Series C and Series D Cumulative Redeemable Perpetual Preferred Shares.

Details of the Dividend Declaration

The declared dividends pertain to the Series C and D Preferred Shares. These dividends will cover the period from July 30, 2025, to October 29, 2025. This commitment to rewarding shareholders will see payments made on October 30, 2025, to all those on record as of October 16, 2025. Notably, dividends on these preferred shares are set to be payable on a quarterly basis, specifically on the 30th of January, April, July, and October each year. In situations where these dates coincide with weekends or public holidays, payments will be adjusted to the next available business day.

The Company’s Financial Outlook

While the dividends are a clear sign of the Company’s ongoing commitment to its investors, it's important to note that the declaration and payment of dividends remain at the discretion of the Board of Directors. Factors influencing this decision include the Company’s earnings, financial health, and cash flow needs. Additionally, the ability to secure debt and equity funding, along with adherence to existing debt covenants, plays a crucial role in determining dividend payments. The Company's financial strategies focus on optimizing growth while navigating global economic conditions.

About Safe Bulkers, Inc.

Established as a key player in the maritime industry, Safe Bulkers, Inc. excels in the transportation of bulk cargoes such as coal, grain, and iron ore across major global shipping lanes. The company’s common stock and preferred shares, denoted as SB, SB.PR.C, and SB.PR.D, are actively traded on the NYSE, cementing its position as a robust participant in the drybulk transportation market.

Understanding Preferred Shares

Preferred shares are a popular choice among investors seeking stability and consistent returns. Unlike common shares, preferred shares often come with fixed dividends, offering a sense of security. This makes them particularly appealing during volatile market conditions. The Company’s Series C and D Preferred Shares allow investors to access regular payments, adding to their investment portfolio's diversification.

Frequently Asked Questions

What is the dividend amount declared by Safe Bulkers, Inc.?

The Board of Directors has declared a cash dividend of $0.50 per share for both the Series C and Series D Preferred Shares.

When will the dividends be paid?

Dividends will be paid on October 30, 2025, to shareholders on record as of October 16, 2025.

How often are dividends paid on the preferred shares?

Dividends on the Series C and D Preferred Shares are payable quarterly, specifically on the 30th day of January, April, July, and October each year.

How does the Company determine dividend payments?

Dividend payments are determined by the Board of Directors and depend on the Company's earnings, financial condition, cash needs, and ability to secure financing.

What types of cargo does Safe Bulkers transport?

The Company specializes in transporting bulk cargoes, including coal, grain, and iron ore across various global shipping routes.

About The Author

Hello, I'm 30-year-old financial writer and expert Addison Perry, and I love to simplify the intricacies of the financial industry. I've committed myself over the years to deciphering the subtleties of investing techniques and economic trends and converting them into doable guidance that anybody can use. My goal with writings and books is to make money interesting and approachable so that readers may take charge of their financial futures.

My enthusiasm to empowerment and education has propelled me through my career in finance. I write because I think that everyone should be able to make educated financial decisions, and I try to provide that. Regardless of experience level with investing, my work is intended to provide insightful analysis and practical advice to enable you to thrive in the always changing financial environment. I appreciate you traveling with me toward success and financial literacy.

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