Safe Bulkers Series B Preferred Shares Cross 7.5% Yield Mark

In trading on Monday, shares of Safe Bulkers Inc's 8.00% Series B Cumulative Redeemable Perpetual (SB.PRB) were yielding above the 7.5% mark based on its quarterly dividend (annualized to $2.00), with shares changing hands as low as $26.60 on the day. This compares to an average yield of 6.75% in the "Transportation" preferred stock category, according to Preferred Stock Channel. As of last close, SB.PRB was trading at a 7.40% premium to its liquidation preference amount, versus the average premium of 3.62% in the "Transportation" category.

The chart below shows the one year performance of SB.PRB shares, versus SB:

Performance Comparison Chart

Below is a dividend history chart for SB.PRB, showing historical dividend payments on Safe Bulkers Inc's 8.00% Series B Cumulative Redeemable Perpetual:

SB.PRB+Dividend+History+Chart

In Monday trading, Safe Bulkers Inc's 8.00% Series B Cumulative Redeemable Perpetual ( SB.PRB) is currently down about 0.9% on the day, while the common shares ( SB) are off about 1.8%.

More from Stocks

Markets Look Confused After Latest Beating

Markets Look Confused After Latest Beating

General Electric Expulsion From Dow Symbolizes Unsettled Week in Markets

General Electric Expulsion From Dow Symbolizes Unsettled Week in Markets

How Small-Cap Stocks Can Protect Your Portfolio From a Trade War

How Small-Cap Stocks Can Protect Your Portfolio From a Trade War

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

Week Ahead: Trade Fears and Stress Tests Signal More Volatility To Come

3 Great Stock Market Sectors Millennials Should Invest In

3 Great Stock Market Sectors Millennials Should Invest In