Welcome to our dedicated page for Safe Bulkers news (Ticker: SB), a resource for investors and traders seeking the latest updates and insights on Safe Bulkers stock.
Safe Bulkers, Inc. (NYSE: SB) is an international marine dry-bulk carrier that transports bulk cargoes, particularly coal, grain and iron ore, along worldwide shipping routes. Its news flow, as reflected in company press releases furnished on Form 6‑K, covers operational performance, fleet developments, financing activities and shareholder distributions.
Investors following SB news will see regular updates on unaudited quarterly financial results, including time charter equivalent rates, daily vessel operating expenses, EBITDA and Adjusted EBITDA, as well as commentary from management on dry-bulk market conditions. The company also reports on dividends declared on its common stock and on its 8.00% Series C and 8.00% Series D Cumulative Redeemable Perpetual Preferred Shares, with details on record dates, payment dates and the Board’s dividend policy considerations.
Safe Bulkers’ news releases highlight its fleet renewal and environmental initiatives, such as sales of older Kamsarmax class vessels, deliveries of IMO GHG Phase 3 - NOx Tier III newbuilds, and the progress of its environmental upgrade program targeting improved energy efficiency and lower fuel consumption. Announcements also address new credit facilities, including sustainability-linked revolving credit facilities tied to fleet carbon intensity performance, and information on total cash, undrawn borrowing capacity and debt repayment schedules.
Additional SB news items include the authorization of common stock repurchase programs, results of annual meetings of stockholders, and participation in industry conferences. For market participants, the Safe Bulkers news page provides a centralized view of these disclosures, helping them track how the company manages its fleet, capital structure, environmental compliance and shareholder returns over time.
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.
Safe Bulkers, Inc. (NYSE: SB) has announced the sale of the MV Pedhoulas Trader, a 2006 Japanese-built Kamsarmax class dry-bulk vessel, for a net price of $15.84 million, with delivery scheduled for December 2022. President Dr. Loukas Barmparis stated that this sale is part of the company's strategy to upgrade its fleet to comply with new environmental regulations while enhancing competitiveness. The company focuses on transporting bulk cargoes globally and is adapting to the challenges of a stringent regulatory environment.
Safe Bulkers, Inc. (NYSE: SB) has released its September 2022 corporate presentation, accessible on its website. Dr. Loukas Barmparis, the Company's President, will be a panelist at a dry bulk shipping sector forum on September 21, 2022, in New York City, organized with DNB and Nasdaq. Safe Bulkers is a global provider of marine drybulk transportation, focused on coal, grain, and iron ore. Their common and preferred stocks trade under SB, SB-PC, and SB-PD.