Ex-Div Reminder for Safe Bulkers Series D Cumulative Redeemable Perpetual Preferred SharesBy Preferred Stock Channel Staff, Tuesday, January 18, 1:31 PM ETOn 1/19/22, Safe Bulkers Inc's 8.00% Series D Cumulative Redeemable Perpetual Preferred Shares (NYSE:SB.PRD) will trade ex-dividend, for its quarterly dividend of $0.50, payable on 1/31/22. As a percentage of SB.PRD's recent share price of $25.67, this dividend works out to approximately 1.95%, so look for shares of SB.PRD to trade 1.95% lower — all else being equal — when SB.PRD shares open for trading on 1/19/22. On an annualized basis, the current yield is approximately 7.77%, 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.PRD was trading at a 3.00% premium to its liquidation preference amount. The chart below shows the one year performance of SB.PRD shares, versus SB:
Below is a dividend history chart for SB.PRD, showing historical dividends prior to the most recent $0.50 on Safe Bulkers Inc's 8.00% Series D Cumulative Redeemable Perpetual Preferred Shares: Free Report: Top 7%+ Dividends (paid monthly)
In Tuesday trading, Safe Bulkers Inc's 8.00% Series D Cumulative Redeemable Perpetual Preferred Shares (NYSE:SB.PRD) is currently down about 0.3% on the day, while the common shares (NYSE:SB) are trading flat.
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