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Safe Bulkers, Inc. (SB)

NYSE - NYSE Delayed Price. Currency in USD
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2.3500-0.0200 (-0.84%)
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Continuation Wedge (Bullish)

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Previous Close2.3700
Bid2.2700 x 3200
Ask2.3700 x 1300
Day's Range2.2800 - 2.4700
52 Week Range0.8200 - 3.1500
Avg. Volume847,195
Market Cap247.685M
Beta (5Y Monthly)0.64
PE Ratio (TTM)N/A
EPS (TTM)-0.2470
Earnings DateJun 07, 2021 - Jun 11, 2021
Forward Dividend & YieldN/A (N/A)
Ex-Dividend DateAug 14, 2015
1y Target Est2.60
Fair Value is the appropriate price for the shares of a company, based on its earnings and growth rate also interpreted as when P/E Ratio = Growth Rate. Estimated return represents the projected annual return you might expect after purchasing shares in the company and holding them over the default time horizon of 5 years, based on the EPS growth rate that we have projected.
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  • 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

    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

    MONACO, April 09, 2021 (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 its 8.00% Series C Cumulative Redeemable Perpetual Preferred Shares (the “Series C Preferred Shares”) (NYSE: SB.PR.C) for the period from January 30, 2021 to April 29, 2021;a cash dividend of $0.50 per share on its 8.00% Series D Cumulative Redeemable Perpetual Preferred Shares (the “Series D Preferred Shares”) (NYSE: SB.PR.D) for the period from January 30, 2021 to April 29, 2021. Each dividend will be paid on April 30, 2021 to all shareholders of record as of April 23, 2021 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 drybulk 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 drybulk transportation services. The Company's common stock, Series C and Series D preferred stock is listed on the NYSE, where it trades 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 Act of 1933, as amended, and in Section 21E of the Securities Exchange 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 which 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: Nicolas Bornozis, President 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

  • What Is The Ownership Structure Like For Safe Bulkers, Inc. (NYSE:SB)?
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    What Is The Ownership Structure Like For Safe Bulkers, Inc. (NYSE:SB)?

    If you want to know who really controls Safe Bulkers, Inc. ( NYSE:SB ), then you'll have to look at the makeup of its...

  • Leading Shipowners, Regulators, Charterers, Financiers and Industry Participants Presenting at Capital Link’s Decarbonization in Shipping Forum

    Leading Shipowners, Regulators, Charterers, Financiers and Industry Participants Presenting at Capital Link’s Decarbonization in Shipping Forum

    Digital ConferenceWednesday & Thursday, April 14 & 15, 20219.30 am – 4.00 pm British Standard Time (BST) MOVING FROM DISCUSSION TO DELIVERYComplimentary Registration 2 Days – 14 Virtual Sessions – 78 speakers – 69 Presenting Companies NEW YORK, April 05, 2021 (GLOBE NEWSWIRE) -- Capital Link’s Decarbonization in Shipping Forum will take place on Wednesday & Thursday, April 14 - 15, 2021 from 9:30am – 4:30pm British Standard Time (BST) as a digital conference. The event will take place over the course of two days, with 14 virtual sessions, and 72 speakers with 69 companies participating on the discussion panels. FORUM OVERVIEW AND STRUCTUREDecarbonization is the next frontier for the industry to conquer adhering to specific objectives and timeframes. The event combines two main features true to the theme of “Moving from Discussion to Delivery”. Provides a comprehensive blueprint of the Roadmap to Decarbonization addressing all relevant core topics and issues such as regulations, alternative fuels and propulsion systems, technology, infrastructure and more.Offers practical suggestions as to the next steps for all stakeholders to achieve the goal of net-zero emissions. It will focus on options and strategies for the existing fleet as well as for newbuildings and the ships of the future. It will also highlight the role and context of the various initiatives by regulators, industry organizations, charterers and financiers. The value added and difference of this forum is based on: Featuring discussion/debate among all major stakeholders – with heavy emphasis on shipowner engagement;Providing a realistic assessment of where the industry is now, what needs to be done and come up with practical suggestions as to the next steps for all stakeholders. The Forum will be held digitally, opening it to a global audience and making this approach highly relevant and effective, and will feature a series of LIVE interactive panel discussions. STEERING COMMITTEEThe agenda topics are carefully designed and selected by the Steering Committee comprised of leading experts in the Maritime Industry. Dr Grahaeme Henderson OBE, Senior Vice President, Shipping & Maritime - Shell International Trading and Shipping Company LimitedMichael Parker, Chairman, Global Shipping Logistics & Offshore - CitiEsben Poulsson, Chairman - International Chamber of Shipping, Executive Chairman - Enesel PTE. LtdDr. Nikolas P. Tsakos, Founder and Chief Executive Officer - TEN LTD; Chairman – INTERTANKO (2014-2018)Charles (Bud) Darr, Executive Vice President, Maritime Policy and Government Affairs - MSC Group KEYNOTE SPEAKERDr. Martin Stopford, Non-Executive President - Clarkson Research Services Limited REGISTRATIONRegistration is complimentary. To register please go to the link below:http://forums.capitallink.com/shipping/2021decarbonization/ AGENDA TOPICSDAY ONE – April 14, 2021 The Roadmap to Zero - Moving from Discussion to DeliverySetting the Stage - The Shipowners' Perspective - Where We Are Today - How to Move ForwardPolicy Making & The Regulatory Decarbonization Roadmap for Shipping - Regulator, Industry & Stakeholder Involvement - Global & Regional IssuesMeeting the IMO 2030 Decarbonization Goals - Achieving EEXI & CII Compliance - Options & Strategies for The Existing Fleet - Managing Sectoral Needs Towards A Common Objective (Containers - Dry Bulk - Tankers - Gas - Passenger)Energy Efficient Technologies - Improving Fleet PerformanceIs LNG An Intermediate or A Long-Term Option? What About LPG?Partnerships, Alliances & Industry Initiatives - Fostering Collaboration Among Stakeholders DAY TWO – April 15, 2021 Keynote Remarks by Dr. Martin StopfordDesigning Ships of The Future - Fuels - Engines - Hull/Ship Design & TechnologyLooking Ahead To 2050 - Zero Emission Alternative Energy Fuels: Ammonia - Hydrogen - Methanol - BiofuelsPort Infrastructure, Logistics & Supply Chain PreparednessLooking Ahead To 2050 - Alternative Propulsion Systems - Beyond the Internal Combustion Engine - Wind - Batteries - Nuclear - Fuel CellsThe Transition to Decarbonization - Who Will Foot The Bill?Looking Ahead - The Shipowner's Perspective - What Does It Take to Reach Zero PARTICIPATING COMPANIES & ORGANIZATIONS INDUSTRY PARTICIPANTS Advent TechnologiesAnemoi MarineAnglo AmericanBureau VeritasCitiClassNKClyde & CoCore PowerCorvus EnergyDeepSea TechnologiesDNVEnTrustEuropean Commission - Directorate General for Mobility and TransportEuropean Commission - Directorate General for Climate ActionGlobal Industry Alliance, International Maritime Organization (IMO)INTERCARGOInternational Chamber of ShippingInternational Registries, Inc.Kawasaki Heavy IndustriesLloyd’s RegisterLloyds Register Decarbonization HubLouis Dreyfus Company; Sea Cargo CharterMærsk Mc-Kinney Møller CenterMaritime & Port Authority of Singapore (MPA)Mitsubishi ShipbuildingPort of RotterdamRINAShellSingapore Shipping Association (SSA)TrafiguraWärtsiläWatson Farley & Williams SHIPPING COMPANIES A.P. Møller MaerskAETArdmore Shipping Corporation (NYSE: ASC)Carnival CorporationCMA CGMd’Amico Societa di NavigazioneDanaos Shipping Co.Columbia ShipmanagementDorian LPG (NYSE: LPG)Enesel PTE. LtdEXMARFafalios ShippingFrontline Management (NYSE: FRO)GasLog Ltd. (NYSE: GLOG)HafniaHong Lam Marine Pte.International SeawaysMaersk TankersMaran Gas MaritimeMSC GroupNYK Group Europe Ltd.Oldendorff CarriersPremuda SpAProminence Maritime / DynacomSafe Bulkers (NYSE: SB)Seanergy Maritime Holdings Corp. (NASDAQ: SHIP)Star Bulk Carriers Corp. (NASDAQ: SBLK)Stena BulkTeekay Corporation (NYSE: TK)Tsakos Energy Navigation TEN LTD (NYSE: TNP)TORM A/S (NASDAQ: TRMD)Torvald KlavenessWah Kwong Maritime HoldingsWilh.Wilhelmsen Holding FORUM HIGHLIGHTS Presentations/panel sessions will be delivered in real time video formatExhibition halls with 25 digital booths Visit our Sponsor booths to obtain the latest industry and financial reports, white papers, company videos, latest presentations and moreAll materials can be saved into your briefcase and reviewed at your convenience TARGET AUDIENCECommercial and Investment Bankers, Charterers, Classification Societies, Commodity and Energy Traders, Finance Providers, Financial Advisors, Financial and Trade Media, Hedge Fund Managers, Institutional Investors, P&I Executives, Lawyers and Insurers, Market Analysts and Consultants, Private Equity Firms, Risk Advisors, Ship Managers, Ship Operators, Shipowners, Shipbrokers, Sovereign Wealth Funds, Venture Capital Firms SPONSORSGLOBAL GOLD SPONSORS: Columbia Shipmanagement • DNV GL • Tsakos Energy Navigation GLOBAL SPONSORS: Citi • ClassNK • Lloyd’s Register • RINA • Wartsila • Watson Farley & WilliamsEVENT SPONSORS: ABS • Advent Technologies • Ardmore Shipping • Bureau Veritas • Clyde & Co • d’Amico Societa di Navigazione • Danaos Corporation • DeepSea Technologies • Dorian LPG • EXMAR • International Seaways • International Registries Inc. • Seanergy • Safebulkers • Start Bulk Carriers Corp. • TORM SUPPORTING SPONSORS: WinGDCHARITY PARTNER: The Mission To Seafarers SUPPORTING ORGANIZATIONS: Association of Banking And Financial Executives of Hellenic Shipping • BCA College • CASS Business School (International Centre for Shipping, Trade and Finance) • HELMEPA • Hellenic Bankers Association (HBUK) • Hellenic Committee of Lloyd’s Brokers’ Associates (HCLBA) • Hellenic Shipbrokers’ Association (HSA) • Greek Shipping Co-Operation Committee • InterManager • Piraeus Association For Maritime Arbitration • The International Propeller Club of the US • Singapore Shipping Association (SSA) MEDIA PARTNERS: All About Shipping UK • Actualidad Maritima • Baird Maritime • ELNAVI • Maritime Direct • Marine Circle • Nafsgreen • Naftika Chronika • Natural Gas World • Oikonomiki • Port News • Ship2Shore • Ship Management International • World Oils • Xinde Marine News FOR MORE INFORMATIONPlease visit: http://forums.capitallink.com/shipping/2021newyork/index.htmlOr, contact Nicolas Bornozis or Anny Zhu at forum@CapitalLink.com or + 1 212 661 7566 ORGANIZER – CAPITAL LINK, INC.Founded in 1995, Capital Link is a New York based investor relations, financial communications and advisory firm with a strategic focus on the maritime, commodities and energy sectors, MLPs, as well as Closed-End Funds and ETFs. In addition, Capital Link organizes a series of investment conferences a year in key industry centers in the United States, Europe and Asia, all of which are known for combining rich educational and informational content with unique marketing and networking opportunities. Capital Link is a member of the Baltic Exchange. Based in New York City, Capital Link has presence in London, Athens & Oslo.