Safe Bulkers Announces Quarterly Preferred Share Dividend

Safe Bulkers (SB) has released an update.

Safe Bulkers, Inc., a prominent player in marine drybulk transportation, has announced a quarterly cash dividend of $0.50 per share for both its Series C and Series D Cumulative Redeemable Perpetual Preferred Shares. Shareholders of record as of July 19, 2024, will be eligible for the dividend, which is payable on July 30, 2024. The company emphasizes that future dividend declarations are subject to Board discretion and contingent upon a variety of economic and company-specific factors.

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