SB.PRC

Cash Dividend On The Way From Safe Bulkers Series C Cumulative Redeemable Perpetual Preferred Shares

On 7/22/20, Safe Bulkers Inc's 8.00% Series C Cumulative Redeemable Perpetual Preferred Shares (Symbol: SB.PRC) will trade ex-dividend, for its quarterly dividend of $0.50, payable on 7/30/20. As a percentage of SB.PRC's recent share price of $18.56, this dividend works out to approximately 2.69%, so look for shares of SB.PRC to trade 2.69% lower — all else being equal — when SB.PRC shares open for trading on 7/22/20. On an annualized basis, the current yield is approximately 10.34%, which compares to an average yield of 6.82% in the "Shipping" preferred stock category, according to Preferred Stock Channel. The chart below shows the one year performance of SB.PRC shares, versus SB:

Performance Comparison Chart

Below is a dividend history chart for SB.PRC, showing historical dividends prior to the most recent $0.50 on Safe Bulkers Inc's 8.00% Series C Cumulative Redeemable Perpetual Preferred Shares:

SB.PRC+Dividend+History+Chart

In Monday trading, Safe Bulkers Inc's 8.00% Series C Cumulative Redeemable Perpetual Preferred Shares (Symbol: SB.PRC) is currently down about 4.1% on the day, while the common shares (Symbol: SB) are trading flat.

Click here to learn which S.A.F.E. dividend stocks also have preferred shares that should be on your radar screen »

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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