Safe Bulkers, Inc Cumulative Re - SB-PC STOCK NEWS

Safe Bulkers, Inc. (NYSE: SB) announced the acquisition of a Japanese Kamsarmax class dry-bulk vessel for an attractive price, scheduled for delivery in Q2 2025. This vessel will meet the IMO's Phase 3 Energy Efficiency Design Index requirements and NOx emissions regulations. With this addition, the company's orderbook now includes nine newbuild vessels scheduled for delivery, enhancing its fleet of eco-ships designed for lower fuel consumption and reduced greenhouse gas emissions. The company currently operates 44 vessels, including 12 eco-ships.

Safe Bulkers, Inc. (NYSE: SB) reported its Q4 2022 results, declaring a $0.05 cash dividend payable on March 17, 2023. Net revenues were $86.7M, a 6% decrease from $92.4M in Q4 2021. Net income fell to $34.9M, down from $65.2M a year prior. EBITDA for the quarter was $53.8M, with an adjusted EBITDA of $56.0M. Average daily time charter equivalent rate dropped to $21,078 from $26,180. The company maintains a robust balance sheet with $123.3M in cash and $145M available under credit facilities. They continue to invest in environmental upgrades and have a fleet of 44 vessels with an average age of 10.7 years.

Safe Bulkers, Inc. (NYSE: SB) will announce its Q4 2022 financial results on February 14, 2023, after market close. A conference call to discuss these results is scheduled for February 15, 2023, at 9:00 A.M. ET. Participants can join the call via US Toll-Free Dial In at +1 877 405 1226 or other available numbers. A live and archived webcast of the call will be available on the company’s website. Safe Bulkers provides marine drybulk transportation services, mainly transporting coal, grain, and iron ore globally. The company emphasizes its growth strategy, including vessel acquisitions and time charters, while acknowledging potential risks in future performance.

Safe Bulkers, an international provider of marine drybulk transportation services, announced participation in Capital Link’s Corporate Presentation Webinar Series on January 17, 2023, at 11:00 AM Eastern Time. The senior management team will discuss the company's operations, business development, and the dry bulk sector's outlook.

Interested participants can register via the provided link, after which they will receive a confirmation email with a link to the presentation. A live Q&A session will allow attendees to submit questions, and institutional investors can request 1x1 meetings with management.

The company's stock trades on NYSE under the symbols SB, SB-PC, and SB-PD.

Safe Bulkers, Inc. (NYSE: SB) announced a cash dividend of $0.50 per share for its 8.00% Series C and Series D Cumulative Redeemable Perpetual Preferred Shares. These dividends, covering the period from October 30, 2022, to January 29, 2023, will be paid on January 30, 2023, to shareholders of record as of January 20, 2023. The company emphasizes that future dividends will depend on financial conditions, cash requirements, and market conditions.

On November 9, 2022, Safe Bulkers, Inc. (NYSE: SB) reported its Q3 2022 financial results, demonstrating net revenues of $93.7 million, a slight increase from $92.5 million in Q3 2021. The company declared a cash dividend of $0.05 per share, payable on December 15, 2022. Despite reporting a net income of $51.0 million, down from $55.4 million the previous year, Safe Bulkers maintained a robust balance sheet with total cash of $135.9 million. The shipping sector continues to face challenges from COVID-19 and geopolitical tensions, particularly due to the ongoing war in Ukraine.

Safe Bulkers, Inc. (NYSE: SB) announced its third-quarter earnings release scheduled for November 9, 2022, after market closure. The company is an international provider of marine drybulk transportation services, specializing in bulk cargo transport like coal and grain.

A conference call to discuss the financial results will be held on November 10, 2022, at 10:00 A.M. Eastern Time. Participants can join via dial-in numbers or register for a call-back option for convenience.

The company emphasizes growth through vessel acquisitions and time charters, although forward-looking statements carry inherent risks.

On October 4, 2022, Safe Bulkers, Inc. (NYSE: SB) announced a cash dividend of $0.50 per share on its 8.00% Series C and D Cumulative Redeemable Preferred Shares for the period from July 30 to October 29, 2022. The dividends, totaling $0.50 each, will be paid on October 31, 2022 to shareholders of record as of October 21, 2022. The Company emphasizes that dividend declarations depend on various financial conditions and market dynamics.

On September 26, 2022, Safe Bulkers, Inc. (NYSE: SB) elected Loukas Barmparis and Christos Megalou as Class II directors at its annual stockholders' meeting in Monaco. They will serve until the next meeting in 2025. Additionally, the appointment of Deloitte as the independent auditors for the fiscal year ending December 31, 2022, was ratified by stockholders. Safe Bulkers is a provider of marine drybulk transportation services, primarily transporting coal, grain, and iron ore along global shipping routes.