Safe Bulkers, Inc (NYSE:SB) Plans Quarterly Dividend of $0.05

Key Points

• Safe Bulkers, Inc has announced a quarterly dividend of $0.05 per share, equating to an annualized dividend of $0.20 and a yield of 5.17%. The dividend will be paid to stockholders on September 5th, with an ex-dividend date of August 21st.
• The company reported $0.01 earnings per share for the last quarter, falling short of analysts' estimates of $0.08, while revenue reached $65.75 million, exceeding expectations of $60.40 million.
• Safe Bulkers maintains a dividend payout ratio of 23.8%, indicating that its dividend is well-supported by earnings, with future estimates suggesting a continued ability to cover the dividend.

Safe Bulkers, Inc (NYSE:SB - Get Free Report) declared a quarterly dividend on Wednesday, July 30th, Wall Street Journal reports. Stockholders of record on Thursday, August 21st will be given a dividend of 0.05 per share by the shipping company on Friday, September 5th. This represents a c) dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date is Thursday, August 21st.

Safe Bulkers has a dividend payout ratio of 23.8% indicating that its dividend is sufficiently covered by earnings. Equities 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 Trading Down 0.9%

Shares of NYSE SB traded down $0.04 during mid-day trading on Friday, reaching $3.90. The company had a trading volume of 151,957 shares, compared to its average volume of 533,640. The business's 50-day moving average is $3.87 and its 200-day moving average is $3.67. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 0.56. The stock has a market cap of $410.14 million, a price-to-earnings ratio of 9.06 and a beta of 1.17. Safe Bulkers has a 52 week low of $3.02 and a 52 week high of $5.24.

Safe Bulkers (NYSE:SB - Get Free Report) last posted its quarterly earnings results on Tuesday, July 29th. The shipping company reported $0.01 EPS for the quarter, missing analysts' consensus estimates of $0.08 by ($0.07). The company had revenue of $65.75 million during the quarter, compared to the consensus estimate of $60.40 million. Safe Bulkers had a return on equity of 5.78% and a net margin of 19.25%. Equities analysts expect that Safe Bulkers will post 0.62 earnings per share for the current year.

About Safe Bulkers

Safe Bulkers, Inc, together with its subsidiaries, provides marine drybulk transportation services. It owns and operates drybulk vessels for transporting bulk cargoes primarily coal, grain, and iron ore. The company has a fleet of 47 drybulk vessels having an aggregate carrying capacity of 4,719,600 deadweight tons.