The ex-dividend date for Safe Bulkers (NYSE:SB) is Monday, May 21, 2012. Owners of shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $6.55 as of 9:30 a.m., the dividend yield is 9.3%.
NEW YORK ( TheStreet) -- The ex-dividend date for Safe Bulkers (NYSE: SB) is Monday, May 21, 2012. Owners of shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $6.55 as of 9:30 a.m. ET, the dividend yield is 9.3%. The average volume for Safe Bulkers has been 291,100 shares per day over the past 30 days. Safe Bulkers has a market cap of $496.7 million and is part of the services sector and transportation industry. Shares are up 9.2% year to date as of the close of trading on Thursday. Safe Bulkers, Inc. provides marine drybulk transportation services worldwide. The company transports various bulk cargoes, primarily coal, grain, and iron ore. As of October 7, 2011, it had a fleet consisted of 17 drybulk vessels. The company has a P/E ratio of 4.7, below the average transportation industry P/E ratio of 5.5 and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Safe Bulkers as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and notable return on equity. We feel these strengths outweigh the fact that the company has had sub par growth in net income. You can view the full Safe Bulkers Ratings Report. See our dividend calendar or top-yielding stocks list.
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.