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Safe Bulkers, Inc. (NYSE: SB) announced a cash dividend of $0.50 per share on its Series C and Series D Preferred Shares for the period from July 30, 2020 to October 29, 2020. The dividends will be paid on October 30, 2020 to shareholders of record as of October 22, 2020. These dividends reflect the company’s continued ability to provide returns to shareholders, subject to the Board's discretion based on the company’s financial condition and cash availability.
Safe Bulkers, Inc. (NYSE: SB) has filed a prospectus supplement with the SEC to offer shares worth up to $23,500,000 through an at-the-market (ATM) equity program. Proceeds will be utilized for general corporate purposes, including debt repayment and potential vessel acquisitions. Sales will be made via DNB Markets, Inc. on NYSE, at current market prices. The prospectus is accessible on the SEC's website. Safe Bulkers is a provider of marine drybulk transportation services, specializing in coal, grain, and iron ore transportation.