Safe Bulkers Declares Quarterly Preferred Dividends

Safe Bulkers (SB) has released an update.

Safe Bulkers, Inc., a prominent marine drybulk transportation service provider, has announced a quarterly dividend of $0.50 per share on its Series C and D Cumulative Redeemable Perpetual Preferred Shares. The dividends are for the period from July 30, 2024, to October 29, 2024, and will be payable to shareholders of record as of October 18, 2024. The company highlighted that future dividend declarations are subject to Board discretion and will depend on various factors, including the company’s financial health and global economic conditions.

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