Safe Bulkers - SB STOCK NEWS

Safe Bulkers, Inc. (NYSE: SB) announced significant fleet changes to enhance operational efficiency. The company has acquired two Japanese-built Post-Panamax newbuilds, set for delivery in early 2023, while selling two older Kamsarmax vessels for gross prices of $22.5 million and $22.0 million. These transactions are expected to boost liquidity by approximately $16.5 million. Additionally, the company voluntarily prepaid $27.3 million in debt, reducing total consolidated debt from $607.6 million to $593.7 million, with projections indicating further reduction to around $546.4 million following the pending sales.

Safe Bulkers reported its Q1 2021 financial results, showcasing a significant increase in net revenues to $62.5 million, up 37% from $45.7 million in Q1 2020. The net income improved to $21.3 million, reversing a loss of $9.9 million from the previous year. EBITDA reached $239.3 million, reflecting enhanced charter rates and reduced voyage expenses. The average daily time charter equivalent rate surged to $15,567, bolstered by the performance of scrubber-fitted vessels. The company plans to bolster its fleet through selective renewals while managing challenges posed by COVID-19.

Safe Bulkers, Inc. (NYSE: SB) will release its Q1 2021 earnings after market close on May 5, 2021. The management team will discuss financial results during a conference call on May 6, 2021, at 9:30 A.M. ET. Participants can access the call via various phone numbers, quoting 'Safe Bulkers' to the operator. An archived webcast will be available on the company’s website. Safe Bulkers provides marine drybulk transportation services, transporting key bulk cargoes globally.

Safe Bulkers, Inc. (NYSE: SB) declared a cash dividend of $0.50 per share on its 8.00% Series C and Series D Cumulative Redeemable Perpetual Preferred Shares for the period from January 30, 2021, to April 29, 2021. The dividends are payable on April 30, 2021, to shareholders of record as of April 23, 2021. Future dividends will depend on the Company's financial health, earnings, and market conditions.

Safe Bulkers, Inc. (NYSE: SB) has submitted its 2020 Annual Report on Form 20-F to the U.S. Securities and Exchange Commission. Investors can access this report via the company’s website or request a hard copy at no charge. Safe Bulkers operates in marine drybulk transportation, focusing on bulk cargoes such as coal, grain, and iron ore. Their stock is traded under the symbols SB, SB-PC, and SB-PD. The report outlines the company's operations and future growth strategies, alongside a disclaimer on forward-looking statements, highlighting potential risks and uncertainties.

Safe Bulkers, Inc. (NYSE: SB) reported its unaudited financial results for Q4 2020, showcasing net revenues of $52.2 million, slightly down from $53.2 million in Q4 2019. The company achieved a net income of $7.6 million, a significant recovery compared to a loss of $13.9 million in Q2 2020. Adjusted EBITDA reached $226.3 million. Despite challenges from the COVID-19 pandemic affecting charter rates and operational costs, Safe Bulkers remains committed to fleet renewal. The company has liquidity of $184.3 million and is positioned to leverage a strengthening charter market.

Safe Bulkers, Inc. (NYSE: SB) announces an upcoming earnings release on February 15, 2021, after market closure, reporting results for Q4 2020. A conference call is scheduled for February 16, 2021, at 9:30 A.M. ET, where management will discuss the financial results. Participants can join via dial-in or through a live webcast on the company's website. Safe Bulkers is an international provider of marine drybulk transportation services, focusing on transporting bulk cargoes like coal, grain, and iron ore.

Safe Bulkers, Inc. (NYSE: SB) has joined the Neptune Declaration on Seafarer Wellbeing to tackle crew change challenges exacerbated by the pandemic. The declaration focuses on four main objectives: recognizing seafarers as key workers for priority COVID-19 vaccinations, implementing high-standard health protocols, enhancing collaboration for crew changes, and ensuring airline connectivity between maritime hubs. Dr. Loukas Barmparis, President, emphasized the company's commitment to the welfare of its seafarers and the maritime supply chain.

Safe Bulkers, Inc. (NYSE: SB) declared a cash dividend of $0.50 per share on its 8.00% Series C and Series D Cumulative Redeemable Perpetual Preferred Shares for the period from October 30, 2020 to January 29, 2021. Payment will be made on February 1, 2021 to shareholders of record as of January 22, 2021. Dividends are payable quarterly, and future payments are dependent on the Company's earnings, financial condition, and market conditions. The Company provides drybulk transportation services globally, primarily for major bulk cargo users.