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.
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