Safe Bulkers Declares $0.50 Quarterly Dividend per Share for Series D Preferred Shares
Safe Bulkers Inc., a shipping company listed on the NYSE as SB.PR.D, has declared a quarterly dividend of $0.50 per share for its Cumulative Redeemable Perpetual Preferred Shares, Series D (SB.PR.D). The forward yield is currently at 7.8%. Shareholders of record as of October 16 will receive the payment on October 30, with an ex-dividend date also set for October 16. The company has been focusing on reducing costs and improving cash margins in recent quarters. Despite this positive financial move, Safe Bulkers' stock recently declined due to its announcement of a private placement involving up to 12 million shares.
Tickers: $SB PRC
Topics: dividend Safe Bulkers