NEW YORK ( TheStreet) -- The ex-dividend date for Safe Bulkers (NYSE: SB) is tomorrow, May 18, 2011. Owners of shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $8.09 as of 9:32 a.m. ET, the dividend yield is 7.2%.

The average volume for Safe Bulkers has been 251,600 shares per day over the past 30 days. Safe Bulkers has a market cap of $586.9 million and is part of the services sector and transportation industry. Shares are down 6.5% 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 4.8, below the average transportation industry P/E ratio of 5.2 and below the S&P 500 P/E ratio of 17.7.
  • Practice your dividend trading strategies and win cash in our stock game.

TheStreet Ratings rates Safe Bulkers as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and generally poor debt management. You can view the full Safe Bulkers Ratings Report.

See our dividend calendar or top-yielding stocks list.
null

If you liked this article you might like

Softbank Searches the Skies for OneWeb Partner

Dry Bulk Shippers Upgraded at Morgan Stanley, Stocks Surge

10 Worst-Performing Small-Cap Stocks in 2016

Safe Bulkers (SB) Stock Flat After-Hours Despite Earnings, Revenue Miss

Baker Hughes Stock Is a No-Brainer After Schlumberger's Solid Results