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Safe Bulkers (SB) shares are flat in after-hours trading after the company reported its first quarter earnings results today.
With earnings projected to grow 28% year over year for the next five years, Baker Hughes, which pays a dividend yield of 1.2%, is a solid investment ahead of earnings.
In trading on Friday, shares of Safe Bulkers Inc's 8.00% Series B Cumulative Redeemable Perpetual were yielding above the 8% mark based on its quarterly dividend (annualized to $2.00), with shares changing hands as low as $22.74 on the day. This compares to an average yield of 8.02% in the "Transportation" preferred stock category, according to Preferred Stock Channel.