Safe Bulkers Declares Quarterly Dividends for Preferred Shares
Safe Bulkers, Inc., a prominent dry-bulk shipowner based in Limassol and listed on the New York Stock Exchange, has announced the approval of quarterly cash dividends for its Series C and Series D cumulative redeemable perpetual preferred shares. The board of directors declared a cash dividend of $0.50 per share for both the 8% Series C and Series D preferred shares. This dividend covers the period from October 30, 2025, to January 29, 2026, and is scheduled for payment on January 30, 2026. Shareholders on record as of January 16, 2026, will be eligible to receive these dividends.
The dividends for the Series C and D preferred shares are paid quarterly in arrears, with payment dates set for January 30, April 30, July 30, and October 30. If any of these dates fall on a weekend or public holiday, the payment will be made on the next business day. This structured approach ensures that shareholders receive their returns in a timely manner.
Factors Influencing Future Dividend Declarations
While Safe Bulkers has committed to these quarterly dividends, the company has emphasized that future dividend declarations will be at the discretion of the board. Several factors will influence these decisions, including the company’s earnings, financial condition, liquidity needs, and access to both debt and equity financing. Additionally, covenants under existing and future debt facilities, as well as broader global economic conditions, will play a critical role in determining the viability of future dividends.
Safe Bulkers operates an international fleet specializing in the transportation of dry-bulk commodities such as coal, grain, and iron ore along key global shipping routes. The company’s common shares and preferred shares are traded on the New York Stock Exchange under the symbols SB, SB.PR.C, and SB.PR.D.
Safe Bulkers posts $1.7m profit in Q2 despite weaker rates and higher costs
The company also cautioned that forward-looking statements regarding its future performance and strategic direction are subject to various risks and uncertainties. These include fluctuations in dry-bulk demand, competitive market conditions, and operational risks associated with international shipping. As such, stakeholders are advised to consider these factors when evaluating the company’s financial outlook and dividend potential.
