Safe Bulkers, Inc (NYSE:SB – Get Free Report) announced a quarterly dividend on Monday, November 9th. Investors of record on Wednesday, November 25th will be paid a dividend of $0.09 per share by the shipping company on Wednesday, December 9th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 5.0%. The ex-dividend date is Wednesday, November 25th. This is a 20.0% increase from Safe Bulkers’s previous quarterly dividend of $0.0750.
Safe Bulkers has a payout ratio of 35.7% meaning its dividend is sufficiently covered by earnings.
Safe Bulkers Stock Performance
NYSE SB opened at $7.18 on Tuesday. The company has a fifty day moving average of $8.31 and a 200-day moving average of $7.12. Safe Bulkers has a 52-week low of $4.66 and a 52-week high of $9.31. The company has a debt-to-equity ratio of 0.39, a quick ratio of 1.00 and a current ratio of 1.00. The company has a market capitalization of $731.65 million, a P/E ratio of 10.24 and a beta of 1.09.
Safe Bulkers (NYSE:SB – Get Free Report) last posted its quarterly earnings results on Monday, November 9th. The shipping company reported $0.31 earnings per share for the quarter, topping the consensus estimate of $0.28 by $0.03. Safe Bulkers had a net margin of 28.29% and a return on equity of 9.63%. The business had revenue of $91.03 million during the quarter, compared to the consensus estimate of $85.90 million.
About Safe Bulkers
Safe Bulkers, Inc (NYSE: SB) is a marine transportation company that owns and operates dry bulk vessels. Its fleet transports major and minor bulk commodities, including iron ore, coal, grain, and other raw materials used in global industrial and agricultural supply chains.
The company operates a range of dry bulk vessel classes, including Panamax, Kamsarmax, Ultramax, Supramax, Handysize, and Capesize ships. Safe Bulkers provides transportation services to commodity producers, traders, and other commercial customers through international shipping routes.
Safe Bulkers was founded in 2007 and is incorporated in the Marshall Islands, with its principal executive office in Monaco.
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