Safe Bulkers Shares Set to Trade Ex-Dividend This Month

Quarterly Dividend of $0.50 Coming on October 30, 2024

On October 18, 2024, Safe Bulkers Inc’s 8.00% Series D Cumulative Redeemable Perpetual Preferred Shares (Symbol: SB.PRD) will trade ex-dividend. Shareholders can expect a quarterly dividend of $0.50, which will be payable on October 30, 2024. This dividend reflects about 1.94% of SB.PRD’s recent share price of $25.74. Consequently, it’s anticipated that the shares of SB.PRD could open approximately 1.94% lower on the trading day, assuming all other factors remain constant.

On an annualized basis, the current yield stands at about 7.75%. This figure is slightly less than the average yield of 8.10% observed within the “Transportation” preferred stock sector, as reported by Preferred Stock Channel.

Historical Dividends for SB.PRD

Below is a chart detailing the dividend history for SB.PRD, including the recent $0.50 dividend from Safe Bulkers Inc’s preferred shares:

In the trading session on Wednesday, Safe Bulkers Inc’s 8.00% Series D Cumulative Redeemable Perpetual Preferred Shares (Symbol: SB.PRD) declined by approximately 0.2%. In contrast, the common shares (Symbol: SB) saw a rise of around 0.5%.

Click here to discover other dividend stocks with preferred shares worth watching »

Also see:

● Yield Charts
● Institutional Holders of VRTA
● GRV Historical Stock Prices

The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.