On 1/22/19, 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 1/30/19. As a percentage of SB.PRC's recent share price of $21.65, this dividend works out to approximately 2.31%, so look for shares of SB.PRC to trade 2.31% lower - all else being equal - when SB.PRC shares open for trading on 1/22/19. On an annualized basis, the current yield is approximately 9.43%, which compares to an average yield of 6.35% 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:
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:
In Friday trading, Safe Bulkers Inc's 8.00% Series C Cumulative Redeemable Perpetual Preferred Shares (Symbol: SB.PRC) is currently up about 0.7% on the day, while the common shares (Symbol: SB) are trading flat.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
