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. (NYSE: SB) is an international marine dry-bulk carrier that transports bulk cargoes, particularly coal, grain and iron ore, along worldwide shipping routes. Its news flow, as reflected in company press releases furnished on Form 6‑K, covers operational performance, fleet developments, financing activities and shareholder distributions.
Investors following SB news will see regular updates on unaudited quarterly financial results, including time charter equivalent rates, daily vessel operating expenses, EBITDA and Adjusted EBITDA, as well as commentary from management on dry-bulk market conditions. The company also reports on dividends declared on its common stock and on its 8.00% Series C and 8.00% Series D Cumulative Redeemable Perpetual Preferred Shares, with details on record dates, payment dates and the Board’s dividend policy considerations.
Safe Bulkers’ news releases highlight its fleet renewal and environmental initiatives, such as sales of older Kamsarmax class vessels, deliveries of IMO GHG Phase 3 - NOx Tier III newbuilds, and the progress of its environmental upgrade program targeting improved energy efficiency and lower fuel consumption. Announcements also address new credit facilities, including sustainability-linked revolving credit facilities tied to fleet carbon intensity performance, and information on total cash, undrawn borrowing capacity and debt repayment schedules.
Additional SB news items include the authorization of common stock repurchase programs, results of annual meetings of stockholders, and participation in industry conferences. For market participants, the Safe Bulkers news page provides a centralized view of these disclosures, helping them track how the company manages its fleet, capital structure, environmental compliance and shareholder returns over time.
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.
Safe Bulkers (NYSE: SB) has announced quarterly dividend declarations for its preferred shares. The company's Board of Directors declared a $0.50 per share cash dividend 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 October 30, 2024, to January 29, 2025, and will be paid on January 30, 2025. Shareholders of record as of January 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.
The company notes that future dividend declarations remain subject to Board discretion and will depend on various factors including earnings, financial condition, cash requirements, financing terms, and global economic conditions.
Safe Bulkers (NYSE: SB) has announced a new share repurchase program authorizing the purchase of up to 5 million shares of common stock. This represents approximately 4.7% of the company's outstanding shares and 8.7% of its public float. The program will be conducted in the open market under Regulation 10b-18 safe harbor provisions and funded through existing cash resources. The company maintains flexibility as the program can be modified or terminated at any time and does not obligate the company to purchase shares. This new program supersedes any previous repurchase initiatives.
Safe Bulkers (NYSE: SB) reported Q3 2024 financial results with net revenues of $75.9 million and net income of $25.1 million. The company declared a cash dividend of $0.05 per share on common stock. The fleet consists of 46 vessels with an average age of 9.8 years. Time charter equivalent rate was $17,108 in Q3 2024, compared to $14,861 in Q3 2023. The company has contracted revenue of approximately $232.7 million and maintains a newbuild program of seven vessels with scheduled deliveries through 2027.
Safe Bulkers (NYSE: SB), an international marine drybulk transportation service provider, will release its Q3 2024 financial results after market close on November 13, 2024. The company's management will host a conference call and webcast on November 14, 2024, at 9:00 A.M. Eastern Time to discuss the results. Participants can join the call using toll-free or standard international dial-in numbers, or via the 'call me' option for a quicker connection. The webcast, along with accompanying slides, will be available live and later archived on the company's website.
Safe Bulkers, Inc. (NYSE: SB), an international marine drybulk transportation services provider, has announced quarterly dividend declarations for its preferred shares. The company's Board of Directors has declared:
- A $0.50 per share cash dividend on 8.00% Series C Cumulative Redeemable Perpetual Preferred Shares
- A $0.50 per share cash dividend on 8.00% Series D Cumulative Redeemable Perpetual Preferred Shares
Both dividends cover the period from July 30, 2024, to October 29, 2024, and will be paid on October 30, 2024, to shareholders of record as of October 18, 2024. Dividends on these preferred shares are typically paid quarterly, subject to the Board's discretion and various financial factors.
Safe Bulkers, Inc. (NYSE: SB), an international marine drybulk transportation services provider, held its 2024 Annual Meeting of Stockholders in Monaco. The meeting resulted in the election of three Class I directors: Polys Hajioannou, Ioannis Foteinos, and Ole Wikborg. These directors will serve until the 2027 annual meeting. Additionally, stockholders ratified the appointment of Deloitte, Certified Public Accountants S.A. as the company's independent auditors for the fiscal year ending December 31, 2024. This routine corporate governance event ensures continuity in the company's leadership and financial oversight.
Safe Bulkers (NYSE: SB) reported its unaudited Q2 2024 financial results, revealing an 11% increase in net revenues to $78.5 million compared to Q2 2023. The company achieved a net income of $27.6 million, up from $15.4 million in the same period last year. EBITDA for Q2 2024 was $49.2 million, a significant rise from $34.4 million in Q2 2023. The Time Charter Equivalent (TCE) rate was $18,650 per day, up from $17,271 in Q2 2023. Safe Bulkers also declared a cash dividend of $0.05 per share, payable on September 5, 2024. Q2 2024's improved performance reflects stronger market conditions, higher revenues from Scrubber-fitted vessels, and increased average number of vessels.
As of June 30, 2024, the company had $81.6 million in cash and $179.5 million in undrawn credit facilities. The company continues its fleet renewal strategy, ordering two new Phase 3 vessels and selling older ones. It also implemented a new Integrated Management System in compliance with DryBMS standards.
Safe Bulkers, Inc. (NYSE: SB), an international provider of marine drybulk transportation services, has announced its schedule for releasing second quarter 2024 financial results. The company will release its results on Monday, July 29, 2024, after market close. A conference call and webcast to discuss the financial results will be held on Tuesday, July 30, 2024, at 10:00 A.M. Eastern Time.
Participants can join the conference call using various dial-in numbers, including US Toll-Free and International options. The company will also provide a live and archived webcast of the conference call, along with accompanying slides, through its website at www.safebulkers.com.
Safe Bulkers (NYSE: SB), a global marine drybulk transport service provider, has declared quarterly dividends on two of its preferred share series. Specifically, a $0.50 per share dividend on its 8.00% Series C and Series D Cumulative Redeemable Perpetual Preferred Shares for the period from April 30, 2024, to July 29, 2024. These dividends will be paid on July 30, 2024, to shareholders of record as of July 19, 2024.
Dividends on these shares are payable quarterly in arrears, specifically on the 30th day of January, April, July, and October each year. The payment dates are adjusted if they fall on a weekend or public holiday. Future dividends are at the discretion of the Board of Directors and depend on various factors including earnings, fleet operations, financial condition, liquidity, and global economic conditions.