Welcome to our dedicated page for Safe Bulkers news (Ticker: SB), a resource for investors and traders seeking the latest updates and insights on Safe Bulkers stock.
Safe Bulkers, Inc. provides international marine drybulk transportation services, carrying bulk cargoes such as coal, grain and iron ore along worldwide shipping routes. News about SB centers on charter-driven financial results, time-charter equivalent rates, vessel operating expenses, common-stock dividends and quarterly dividends on its 8.00% Series C and Series D cumulative redeemable perpetual preferred shares.
Company updates also cover fleet renewal through dry-bulk vessel acquisitions and sales, including Capesize and Kamsarmax classes; capital actions such as share repurchase authorizations; annual Form 20-F reporting; shipping-industry conference participation; and governance changes involving board composition and committee assignments.
Safe Bulkers (NYSE: SB) has announced its earnings release for the quarter ending June 30, 2020, set for after market closure on August 4, 2020. Following this, a conference call will be held on August 5, 2020, at 9:30 A.M. Eastern Time, where management will discuss the financial results. Participants are encouraged to join the call early using the specified numbers. A telephonic replay will be available until August 12, 2020. The company specializes in marine drybulk transportation services, handling significant cargoes like coal and grain.
Safe Bulkers (NYSE: SB) has declared a cash dividend of $0.50 per share on its 8.00% Series C and Series D Cumulative Redeemable Perpetual Preferred Shares, for the period from April 30 to July 29, 2020. These dividends are scheduled to be paid on July 30, 2020, to shareholders recorded as of July 23, 2020. Dividends will be payable quarterly on the 30th of January, April, July, and October, subject to Board approval based on the Company's financial conditions and cash requirements.
Safe Bulkers, Inc. (NYSE: SB) reported a net loss of $9.9 million for Q1 2020, a sharp decline from a net income of $5.4 million in Q1 2019. The company's net revenues decreased by 5% to $45.7 million, primarily due to COVID-19 disruptions. Vessel operating expenses rose 16% to $17.8 million, influenced by dry-docking and maintenance costs. As of March 31, 2020, total liquidity was $145.7 million, while total debt reached $610.1 million. The company has maintained its operations amidst pandemic challenges and has undertaken measures to protect its personnel and ensure vessel uptime.
Safe Bulkers, Inc. (NYSE: SB) will release its financial results for the quarter ending March 31, 2020, on June 8, 2020, before the market opens. A conference call to discuss these results is set for June 9, 2020, at 10:00 A.M. Eastern Time. Participants can join by dialing specific toll-free numbers. The results will be available on the company’s website after the call. Safe Bulkers is a provider of marine drybulk transportation services, focusing on coal, grain, and iron ore.