Safe Bulkers, Inc Perpetual Pre - SB-PD STOCK NEWS

Safe Bulkers, Inc. (NYSE: SB) will release its Q1 2022 financial results on May 25, 2022, after market close. The management team will host a conference call on May 26, 2022, at 9:00 A.M. ET to discuss these results. Participants can join via a toll-free number or through an international dial-in line. An archived audio webcast will be available on the company's website. Safe Bulkers provides marine drybulk transportation services, focusing on bulk cargoes such as coal, grain, and iron ore.

Safe Bulkers, Inc. (NYSE: SB) announced the acquisition of a 2012-built, 181,000 dwt Capesize vessel, the MV Michalis H, for $30 million. The purchase will be financed from the Company’s cash reserves, expanding its fleet to seven Capesize vessels. Scheduled for delivery in May 2022, this acquisition is part of the Company's strategy to enhance its market position in the Cape market segment. President Dr. Loukas Barmparis expressed confidence in the competitive pricing and the utilization of existing liquidity to finance the deal.

Safe Bulkers, Inc. (NYSE: SB) announced a cash dividend of $0.50 per share for its 8.00% Series C and Series D Preferred Shares for the period from January 30, 2021, to April 29, 2022. Payment will occur on May 2, 2022, to shareholders of record as of April 20, 2022. Additionally, the company plans to redeem 1,492,554 of its Series C Preferred Shares at a price of $25.00 each, effective April 29, 2022. Future dividends will depend on the Board's discretion, influenced by business performance and financial conditions.

Safe Bulkers, Inc. (NYSE: SB) has filed its 2021 Annual Report on Form 20-F with the SEC. The report provides comprehensive details about the company's operations in marine drybulk transportation. Shareholders can access the report online or request a hard copy for free. Safe Bulkers specializes in transporting bulk commodities like coal, grain, and iron ore globally. While the report covers growth strategies and potential vessel acquisitions, it includes forward-looking statements that involve inherent risks and uncertainties impacting future performance.

Safe Bulkers (NYSE: SB) announced a redemption of 1,492,554 of its 8.00% Series C Cumulative Redeemable Perpetual Preferred Shares, which have a liquidation preference of $25.00 each. The redemption will take place on April 29, 2022, at a price of $25.00 plus any accrued dividends. After this date, these shares will cease to be outstanding. The full details of the redemption will be communicated to the holders via a Redemption Notice, available through American Stock Transfer & Trust Company.

Safe Bulkers, Inc. (NYSE: SB) reported strong financial results for Q4 and the full year 2021, achieving net revenues of $92.4 million and a net income of $65.2 million, significantly up from Q4 2020's $7.6 million. The Board declared a cash dividend of $0.05 per share. With total cash of $112.3 million and manageable debt of $355.7 million, liquidity remains robust. Despite challenges from COVID-19 and geopolitical tensions, the company has enhanced fleet capabilities and secured favorable charters, reflecting its commitment to growth and shareholder returns.

Safe Bulkers, Inc. (NYSE: SB) announced its fourth-quarter and full-year 2021 earnings release set for March 9, 2022, after market close. A conference call is scheduled for March 10, 2022, at 9:00 A.M. Eastern Time, to discuss financial results. Interested participants can join the call via various numbers provided by the company. Safe Bulkers specializes in marine drybulk transportation, focusing on commodities such as coal, grain, and iron ore.

Safe Bulkers Inc. (NYSE: SB) announced its evaluation of biofuels as alternative fuels to reduce its carbon footprint. A pilot project on M/V Troodos Oak successfully tested a 20% blend of biofuel, achieving a 13.54% reduction in CO2 emissions compared to conventional Very Low Sulphur Fuel Oil (VLSFO). The trial confirmed no need for modifications to the ship’s equipment. The company will expand this initiative in collaboration with Cargill to explore higher biofuel blends and nitrogen oxide emissions' impact, emphasizing its commitment to environmental sustainability.

Safe Bulkers Inc. announced that its subsidiary, Safe Bulkers Participations Plc, has priced an offering of €100 million in unsecured bonds with a 2.95% coupon, maturing in 2027. The bonds are guaranteed by the company and will begin trading on the Athens Exchange on February 14, 2022, under the ticker SBB1. Proceeds will be used for vessel acquisitions, preferred share redemptions, and debt repayments. This issuance marks a milestone for the company as the first dry bulk shipping bond on the ATHEX, enhancing its capital structure.