Safe Bulkers Stock Price, News & Analysis

Safe Bulkers (NYSE: SB) reported Q1 2025 financial results showing net revenues of $64.3M and net income of $7.2M, both declining from previous quarters. The company declared a $0.05 dividend per share on common stock. Q1 2025 saw lower performance with TCE rate at $14,655 compared to $18,158 in Q1 2024. The fleet consists of 47 vessels with an average age of 10.1 years and includes 12 IMO GHG Phase 3 - NOx Tier III ships. The company completed its share repurchase program, buying back 3M shares (2.8% of outstanding shares). Safe Bulkers maintains a strong orderbook of six IMO GHG Phase 3 vessels worth $252.4M, with deliveries scheduled through 2027. The company's total debt stands at $519.7M with a consolidated leverage of 37%.

Safe Bulkers (NYSE: SB), a marine drybulk transportation services provider, has scheduled its first quarter 2025 earnings release for Monday, May 19, 2025, after market close. The company will host a conference call to discuss financial results on Tuesday, May 20, 2025, at 10:00 A.M. Eastern Time.

Participants can join via phone using US Toll-Free (877-405-1226), International (201-689-7823), or UK Toll-Free (0-800-756-3429) numbers. The conference ID is 13753313. A live webcast and accompanying slides will be available through the company's website, with archived versions accessible afterward.

Safe Bulkers Inc (NYSE: SB), a marine dry-bulk transportation services provider, announced a special ceremony at the New York Stock Exchange on April 4, 2025. The event celebrates the company's 10-year anniversary of operations in Cyprus and features Chairman & CEO Polys Hajioannou alongside Cyprus President H.E. Nikos Christodoulides ringing the closing bell.

The ceremony is part of the 3rd Capital Link Cyprus Business Forum at the Metropolitan Club in New York City, highlighting Cyprus as a business destination hub in Eastern Mediterranean. The forum is organized with the Cyprus Union of Shipowners, supported by Invest Cyprus and the Deputy Shipping Ministry. Safe Bulkers, serving as a grand sponsor, will host a dinner reception honoring President Christodoulides.

Safe Bulkers (NYSE: SB), a marine drybulk transportation services provider, has announced quarterly dividend declarations for its preferred shares. The company will pay $0.50 per share for both its 8.00% Series C (NYSE: SB.PR.C) and Series D (NYSE: SB.PR.D) Cumulative Redeemable Perpetual Preferred Shares.

The dividends cover the period from January 30, 2025 to April 29, 2025, with payment scheduled for April 30, 2025. Shareholders of record as of April 17, 2025, will be eligible for the payment. These preferred share dividends are typically paid quarterly on January 30, April 30, July 30, and October 30, subject to business day adjustments.

Future dividend payments will remain at the Board's discretion, considering factors such as earnings, fleet employment, financial condition, liquidity, growth strategies, and global economic conditions.

Safe Bulkers (NYSE: SB), a marine drybulk transportation services provider, has announced its participation in the 19th Annual Capital Link International Shipping Forum on March 31, 2025, at the Metropolitan Club in New York City.

The company will be available for one-on-one meetings with institutional investors and will participate in two panel discussions: 'Energy Transition – Is It Still Happening?' from 10:20 AM to 11:00 AM ET, and 'Dry Bulk Shipping Sector' from 11:20 AM to 12:15 PM.

The forum will feature discussions on key macroeconomic trends and market dynamics in the global shipping sector, including comprehensive market reviews and outlooks following annual corporate results releases.

Safe Bulkers (NYSE: SB), a marine drybulk transportation services provider, has announced the filing of its 2024 Annual Report on Form 20-F with the U.S. Securities and Exchange Commission. The report is accessible through the company's website under the Investors and SEC Filings section. Shareholders can also request a complimentary hard copy through Capital Link.

Safe Bulkers (NYSE: SB) has announced a new share repurchase program authorizing the purchase of up to 3 million shares of common stock. This represents approximately 2.8% of the company's outstanding shares and 5.4% of its public float. The program, which supersedes any previous repurchase initiatives, will be executed through open market purchases in compliance with applicable laws and regulations, including Regulation 10b-18 safe harbor provisions.

The company will fund the buyback using existing cash resources. The program is discretionary, and Safe Bulkers maintains the right to modify or terminate it at any time without prior notice.

Safe Bulkers (NYSE: SB) reported its Q4 and full-year 2024 financial results. Net revenues for Q4 2024 were $71.5M, down from $82.3M in Q4 2023. Full-year 2024 net revenues increased to $307.6M from $284.4M in 2023. The company declared a $0.05 per share dividend payable March 21, 2025.

The company's fleet consists of 46 vessels with an average age of 10.1 years. As of February 14, 2025, 39 vessels were in period time charter market and 8 in spot market. The company has an orderbook of seven IMO GHG Phase 3 - NOx Tier III Kamsarmax class newbuilds with deliveries scheduled through 2027.

The company maintains a strong capital structure with $130.2M in cash and equivalents, and $165.2M in undrawn credit facilities. Total debt was $520.2M as of February 14, 2025.

Safe Bulkers (NYSE: SB), a marine drybulk transportation services provider, has scheduled its Q4 2024 earnings release for Tuesday, February 18, 2025, after market close. The company will host a conference call and webcast to discuss financial results on Wednesday, February 19, 2025, at 9:00 A.M. Eastern Time.

Participants can join the conference call using US Toll-Free (+1 877 405 1226), International (+1 201 689 7823), or UK Toll-Free (+0 800 756 3429) numbers. The conference ID is 13751717. A live webcast and accompanying slides will be available through the company's website, with archived versions accessible afterward in the Events & Presentations section.