Safe Bulkers, Inc (SB) to Issue Quarterly Dividend of $0.05 on March 18th

Safe Bulkers, Inc (NYSE:SB) announced a quarterly dividend on Wednesday, February 18th. Shareholders of record on Monday, March 2nd will be given a dividend of 0.05 per share by the shipping company on Wednesday, March 18th. This represents a c) annualized dividend and a yield of 3.0%. The ex-dividend date is Monday, March 2nd.

Safe Bulkers has a dividend payout ratio of 23.8% meaning its dividend is sufficiently covered by earnings. Analysts expect Safe Bulkers to earn $0.58 per share next year, which means the company should continue to be able to cover its $0.20 annual dividend with an expected future payout ratio of 34.5%.

Safe Bulkers Stock Performance

Shares of NYSE SB traded up $0.03 during midday trading on Friday, hitting $6.57. The company’s stock had a trading volume of 699,182 shares, compared to its average volume of 779,202. The company has a debt-to-equity ratio of 0.60, a quick ratio of 2.72 and a current ratio of 2.90. Safe Bulkers has a 1-year low of $3.02 and a 1-year high of $6.60. The firm’s fifty day moving average price is $5.47 and its 200-day moving average price is $4.91. The firm has a market cap of $671.80 million, a P/E ratio of 21.88 and a beta of 1.13.

Safe Bulkers (NYSE:SB) last issued its quarterly earnings data on Wednesday, February 18th. The shipping company reported $0.14 EPS for the quarter, hitting analysts’ consensus estimates of $0.14. Safe Bulkers had a return on equity of 4.91% and a net margin of 13.99%.The firm had revenue of $72.57 million during the quarter, compared to the consensus estimate of $70.00 million. On average, sell-side analysts forecast that Safe Bulkers will post 0.62 EPS for the current fiscal year.

Safe Bulkers Company Profile

Safe Bulkers Inc (NYSE: SB) is a dry bulk shipping company engaged in the ocean transport of commodities such as iron ore, coal, grain, and fertilizers. The company operates a modern fleet of vessels, including Panamax, Supramax and Kamsarmax bulk carriers, designed to serve a variety of trade routes and cargo types. Safe Bulkers’ fleet is employed under both time charter and voyage charter arrangements, offering flexibility to respond to market demand and optimize vessel utilization.

Founded in 2008, Safe Bulkers began trading its shares on the New York Stock Exchange in the same year, establishing itself as a publicly listed provider of dry bulk transportation services.