Safe Bulkers, Inc. Declares Quarterly Dividend on its 8.00% Series C Cumulative Redeemable Perpetual Preferred Shares; 8.00% Series D Cumulative Redeemable Perpetual Preferred Shares
Rhea-AI Summary
Safe Bulkers (NYSE: SB) declared quarterly cash dividends of $0.50 per share on its 8.00% Series C preferred (SB.PR.C) and 8.00% Series D preferred (SB.PR.D) for the period Oct 30, 2025 to Jan 29, 2026. Each dividend will be paid on Jan 30, 2026 to holders of record as of Jan 16, 2026. Dividends on both series are payable quarterly in arrears on the 30th of January, April, July and October (or the next business day if the 30th is not a business day).
The company notes dividend declarations remain at the Board's discretion and depend on earnings, financial condition, cash requirements, access to financing, debt covenants and global economic conditions.
Positive
- $0.50 cash dividend declared on Series C for the Oct 30, 2025–Jan 29, 2026 period
- $0.50 cash dividend declared on Series D for the Oct 30, 2025–Jan 29, 2026 period
- Payment date set for Jan 30, 2026 with record date Jan 16, 2026
- Quarterly payment schedule on 30th of Jan/Apr/Jul/Oct
Negative
- Dividend declarations remain subject to Board discretion based on earnings and cash
- Payment capability depends on debt covenants and access to financing
News Market Reaction
On the day this news was published, SB gained 0.62%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
MONACO, Jan. 02, 2026 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the “Company”) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that the Company's Board of Directors has declared:
- a cash dividend of
$0.50 per share on its8.00% Series C Cumulative Redeemable Perpetual Preferred Shares (the “Series C Preferred Shares”) (NYSE: SB.PR.C) for the period from October 30, 2025 to January 29, 2026;
- a cash dividend of
$0.50 per share on its8.00% Series D Cumulative Redeemable Perpetual Preferred Shares (the “Series D Preferred Shares”) (NYSE: SB.PR.D) for the period from October 30, 2025 to January 29, 2026.
Each dividend will be paid on January 30, 2026 to all shareholders of record as of January 16, 2026 of the Series C Preferred Shares and of the Series D Preferred Shares, respectively. Dividends on the Series C and D Preferred Shares are payable quarterly in arrears on the 30th day (unless the 30th falls on a weekend or public holiday, in which case the payment date is moved to the next business day) of January, April, July and October of each year.
The declaration and payment of dividends, if any, will always be subject to the discretion of the Board of Directors of the Company, and will depend on, among other things, the Company’s earnings, financial condition and cash requirements and availability, the Company’s ability to obtain debt and equity financing on acceptable terms as contemplated by the Company’s growth and leverage strategies, the restrictive covenants in the Company’s existing and future debt instruments and global economic conditions.
About Safe Bulkers, Inc.
The Company is an international provider of marine dry-bulk transportation services, transporting bulk cargoes, particularly coal, grain and iron ore, along worldwide shipping routes for some of the world’s largest users of marine dry-bulk transportation services. The Company’s common stock, series C preferred stock and series D preferred stock are listed on the NYSE, and trade under the symbols “SB”, “SB.PR.C”, and “SB.PR.D”, respectively.
Forward-Looking Statements
This press release contains forward-looking statements (as defined in Section 27A of the Securities Exchange Act of 1933, as amended, and in Section 21E of the Securities Act of 1934, as amended) concerning future events, the Company’s growth strategy and measures to implement such strategy, including expected vessel acquisitions and entering into further time charters. Words such as “expects,” “intends,” “plans,” “believes,” “anticipates,” “hopes,” “estimates” and variations of such words and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, changes in the demand for drybulk vessels, competitive factors in the market in which the Company operates, risks associated with operations outside the United States and other factors listed from time to time in the Company’s filings with the Securities and Exchange Commission. The Company expressly disclaims any obligations or undertaking to release any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.
For further information please contact:
Company Contact:
Dr. Loukas Barmparis
President
Safe Bulkers, Inc.
Tel.: +30 2 111 888 400
+357 25 887 200
E-Mail: directors@safebulkers.com
Investor Relations / Media Contact:
Paul Lampoutis
Capital Link, Inc.
230 Park Avenue, Suite 1536
New York, N.Y. 10169
Tel.: (212) 661-7566
Fax: (212) 661-7526
E-Mail: safebulkers@capitallink.com
FAQ
What dividend did Safe Bulkers (SB) declare for Series C preferred on Jan 2, 2026?
When will Safe Bulkers (SB) pay the Series D preferred dividend for the period ending Jan 29, 2026?
What is the regular dividend schedule for Safe Bulkers preferred shares (SB.PR.C and SB.PR.D)?
Are Safe Bulkers preferred dividends guaranteed for future quarters (SB.PR.C, SB.PR.D)?
What record date must investors hold Safe Bulkers Series C or D by to receive the Jan 30, 2026 dividend?
How might debt covenants affect Safe Bulkers (SB) paying preferred dividends?
