PreferredStockChannel

Cash Dividend On The Way From Safe Bulkers Series C Cumulative Redeemable Perpetual Preferred Shares

By Preferred Stock Channel Staff, Tuesday, January 18, 1:31 PM ET

On 1/19/22, Safe Bulkers Inc's 8.00% Series C Cumulative Redeemable Perpetual Preferred Shares (NYSE:SB.PRC) will trade ex-dividend, for its quarterly dividend of $0.50, payable on 1/31/22. As a percentage of SB.PRC's recent share price of $25.88, this dividend works out to approximately 1.93%, so look for shares of SB.PRC to trade 1.93% lower — all else being equal — when SB.PRC shares open for trading on 1/19/22. On an annualized basis, the current yield is approximately 7.72%, which compares to an average yield of 3.87% in the "Shipping" preferred stock category, according to Preferred Stock Channel.

As of last close, SB.PRC was trading at a 3.60% premium to its liquidation preference amount. The chart below shows the one year performance of SB.PRC shares, versus SB:

Performance Comparison Chart

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:

Special Offer: Receive our best dividend ideas directly to your inbox each afternoon with the Dividend Channel Premium Newsletter

In Tuesday trading, Safe Bulkers Inc's 8.00% Series C Cumulative Redeemable Perpetual Preferred Shares (NYSE:SB.PRC) is currently down about 0.1% on the day, while the common shares (NYSE:SB) are off about 1.9%.

This Article's Word Cloud:   Arial   Below   Bulkers   Channel   Cumulative   Dividend   Going   NYSE   Newsletter   Offer   Perpetual   Preferred   Premium   Receive   Redeemable   Safe   Series   Shares   Shipping   Special   Start   Stock   Stocks   Tuesday   about   according   afterLeftLabels   afternoon   amount   annualized   approximately   average   axisColor   background   basis   beforeLeftLabels   being   below   best   bkgImage   chart   dividend   escape   fillColor   mdash   recent   shares   trade   trading   yield

Cash Dividend On The Way From Safe Bulkers Series C Cumulative Redeemable Perpetual Preferred Shares | www.PreferredStockChannel.com

Copyright © 2010 - 2024, All Rights Reserved Nothing in Preferred Stock Channel is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact Preferred Stock Channel; Meet Our Editorial Staff.