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.
TheStreet’s Fundamentals of Investing Course will teach you the keys to making the right decisions in any market.
TheStreet’s Personal Finance Essentials Course will teach you money management basics and investing strategies to help you avoid major financial pitfalls.
TheStreet Courses offers dedicated classes designed to improve your investing skills, stock market knowledge and money management capabilities.
More from Markets
Fiat Chrysler Automobiles Pitches Merger to Renault
Groupe Renault confirmed overnight that it has a proposal from Fiat Chrysler Automobiles for a "potential 50/50 merger."
Teva Settles With Oklahoma Over Opioid Allegations
Israeli drugmaker says its payment of $85 million to the state is not an admission of wrongdoing.
Buy Alibaba Shares on the Dip, Says Stifel, Adding It to Select List
Stifel says long-term trends working in Alibaba's favor are more significant than the trade war between the U.S. and China.
Apple Has a More Pressing Risk Than U.S.-China Tariffs, Analyst Says
The real danger is that Chinese demand for Apple products will slump, according to Dan Ives.
Legg Mason to Cut 120 Jobs as Reality Bites With Activist Peltz on Board
An announcement on job cuts comes just days after legendary corporate raider Nelson Peltz and his investment firm, Trian Fund Management, won two seats on Legg Mason's board of directors.