NEW YORK ( TheStreet) -- The ex-dividend date for Safe Bulkers (NYSE: SB) is tomorrow, February 16, 2011. Owners of shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $9.55 as of 9:35 a.m. ET, the dividend yield is 6.4%. The average volume for Safe Bulkers has been 141,000 shares per day over the past 30 days. Safe Bulkers has a market cap of $614 million and is part of the services sector and transportation industry. Shares are up 7.6% year to date as of the close of trading on Monday. Safe Bulkers, Inc. provides marine drybulk transportation services worldwide. The company transports various bulk cargoes, such as coal, grain, and iron ore. The company has a P/E ratio of 5.3, below the average transportation industry P/E ratio of 5.4 and below the S&P 500 P/E ratio of 23.3. TheStreet Ratings rates Safe Bulkers as sell. The company's weaknesses can be seen in multiple areas, such as its generally weak debt management and feeble growth in its earnings per share. You can view the full Safe Bulkers Ratings Report.
HOST // Robert Powell
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