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| Cash Dividend On The Way From Safe Bulkers Series C Cumulative Redeemable Perpetual Preferred SharesBy Preferred Stock Channel Staff, Tuesday, January 18, 1:31 PM ET
On 1/19/22, Safe Bulkers Inc's 8.00% Series C Cumulative Redeemable Perpetual Preferred Shares (NYSE:SB.PRC) will trade ex-dividend, for its quarterly dividend of $0.50, payable on 1/31/22. As a percentage of SB.PRC's recent share price of $25.88, this dividend works out to approximately 1.93%, so look for shares of SB.PRC to trade 1.93% lower — all else being equal — when SB.PRC shares open for trading on 1/19/22. On an annualized basis, the current yield is approximately 7.72%, which compares to an average yield of 3.87% in the "Shipping" preferred stock category, according to Preferred Stock Channel. As of last close, SB.PRC was trading at a 3.60% premium to its liquidation preference amount. The chart below shows the one year performance of SB.PRC shares, versus SB:
Below is a dividend history chart for SB.PRC, showing historical dividends prior to the most recent $0.50 on Safe Bulkers Inc's 8.00% Series C Cumulative Redeemable Perpetual Preferred Shares: Special Offer: Receive our best dividend ideas directly to your inbox each afternoon with the Dividend Channel Premium Newsletter
In Tuesday trading, Safe Bulkers Inc's 8.00% Series C Cumulative Redeemable Perpetual Preferred Shares (NYSE:SB.PRC) is currently down about 0.1% on the day, while the common shares (NYSE:SB) are off about 1.9%.
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