Safe Bulkers, Inc. Declares Cash Dividends
Safe Bulkers, Inc. (NYSE: SB), a prominent player in marine drybulk transportation, has announced exciting news regarding its preferred shares. The company's Board of Directors has recently declared cash dividends that are aimed at rewarding its investors.
Details of the Dividends
Series C Preferred Shares
The Board declared a cash dividend of $0.50 per share on the 8.00% Series C Cumulative Redeemable Perpetual Preferred Shares. This dividend applies to the period commencing from July 30, 2025 through October 29, 2025.
Series D Preferred Shares
Similarly, for the 8.00% Series D Cumulative Redeemable Perpetual Preferred Shares, a cash dividend of $0.50 per share is also designated for the same period, emphasizing the company’s commitment to maintaining value for its shareholders.
Dividend Payment Schedule
Both dividends are scheduled to be paid on October 30, 2025, to shareholders of record as of October 16, 2025. Safe Bulkers, Inc. has a structured payment plan where dividends on both Series C and Series D shares are paid quarterly in arrears, typically on the 30th day of January, April, July, and October, with adjustments if the date falls on a weekend or public holiday.
Factors Influencing Dividend Declaration
The declaration of these dividends is subject to the discretion of the Board of Directors, largely influenced by the company’s financial health, earnings, and cash flow requirements. Other considerations include the company's ability to secure financing and global economic trends that might impact its operational capabilities.
About Safe Bulkers, Inc.
Founded with a vision to be a leader in maritime transport, Safe Bulkers, Inc. specializes in drybulk shipping, focusing predominantly on transporting coal, grain, and iron ore across major global routes. The company's stock, including its preferred shares, is publicly traded on the NYSE under the symbols SB for common shares and SB.PR.C and SB.PR.D for the preferred stocks.
Company Contact Information
For further inquiries, you can reach out to Dr. Loukas Barmparis, President of Safe Bulkers, Inc. He can be contacted at the following:
Tel.: +30 2 111 888 400
+357 25 887 200
Email: directors@safebulkers.com
Frequently Asked Questions
What is the amount of the declared dividend for Series C and D shares?
The declared dividend is $0.50 per share for both Series C and Series D preferred shares.
When will the dividends be paid?
Both dividends are scheduled for payment on October 30, 2025.
Who are the shareholders eligible for the dividends?
Shareholders of record as of October 16, 2025, will be eligible for the dividends.
How often does Safe Bulkers declare dividends?
Dividends are declared on a quarterly basis, typically payable in January, April, July, and October.
Who can I contact for more information about Safe Bulkers, Inc.?
For inquiries, shareholders can contact Dr. Loukas Barmparis, President, at the provided email or phone numbers.
