Summary："Safe Bulkers Investors Rejoice: 8% Quarterly Dividend Payout Announced for Preferred Shares"MONACO,

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"Safe Bulkers Investors Rejoice: 8% Quarterly Dividend Payout Announced for Preferred Shares"

MONACO, July 01, 2026 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the “Company”) (NYSE: SB), a leading international provider of marine drybulk transportation services, announced today that the Company's Board of Directors has declared an 8% quarterly dividend payout on its preferred shares. This announcement has sent a positive signal to investors, who have been eagerly awaiting the declaration.

The key development in this announcement is the declaration of a quarterly dividend of $0.5075 per share on the Company's 8% Series C Cumulative Redeemable Perpetual Preferred Shares, payable on July 15, 2026, to holders of record as of July 8, 2026. This move underscores the Company's commitment to delivering value to its shareholders, particularly those invested in its preferred shares. The dividend payout is in line with the Company's historical practice, providing a stable source of income for investors.

The drybulk shipping industry has been experiencing a resurgence in recent times, driven by increased demand for commodities such as coal, iron ore, and grains. Safe Bulkers, with its diversified fleet and strong operational capabilities, is well-positioned to capitalize on this trend. The Company's ability to maintain a consistent dividend payout amidst industry fluctuations is a testament to its robust financial management and operational efficiency.

Looking ahead, industry analysts expect the demand for drybulk commodities to remain strong, driven by global economic growth and infrastructure development. Safe Bulkers is poised to benefit from this trend, with its modern fleet and flexible chartering strategy allowing it to adapt to changing market conditions. As the Company continues to navigate the complexities of the drybulk shipping industry, its commitment to delivering value to shareholders through consistent dividend payouts is likely to remain a key factor in its appeal to investors.

In conclusion, Safe Bulkers' announcement of an 8% quarterly dividend payout on its preferred shares is a welcome development for investors. The Company's strong financial position, combined with its ability to navigate the cyclical nature of the drybulk shipping industry, makes it an attractive investment opportunity. As the industry continues to evolve, Safe Bulkers' commitment to delivering value to its shareholders is likely to remain a key driver of its success.