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| Safe Bulkers' Series D Preferred Shares Yield Pushes Past 8%By Preferred Stock Channel Staff, Tuesday, October 17, 2:58 PM ET
In trading on Tuesday, shares of Safe Bulkers Inc's 8.00% Series D Cumulative Redeemable Perpetual Preferred Shares (NYSE:SB.PRD) were yielding above the 8% mark based on its quarterly dividend (annualized to $2.00), with shares changing hands as low as $24.73 on the day. This compares to an average yield of 8.32% in the "Transportation" preferred stock category, according to Preferred Stock Channel. As of last close, SB.PRD was trading at a 1.00% premium to its liquidation preference amount, versus the average discount of 4.49% in the "Transportation" category. The chart below shows the one year performance of SB.PRD shares, versus SB:
Below is a dividend history chart for SB.PRD, showing historical dividend payments on Safe Bulkers Inc's 8.00% Series D Cumulative Redeemable Perpetual Preferred Shares:
Special Offer: Join the income investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation. In Tuesday trading, Safe Bulkers Inc's 8.00% Series D Cumulative Redeemable Perpetual Preferred Shares (NYSE:SB.PRD) is currently up about 0.8% on the day, while the common shares (NYSE:SB) are up about 1.8%.
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