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%.

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