Safe Bulkers Series D Preferred Shares Cross 10% Yield Mark

In trading on Friday, shares of Safe Bulkers Inc's 8.00% Series D Cumulative Redeemable Perpetual Preferred Shares (SB.PRD) were yielding above the 10% mark based on its quarterly dividend (annualized to $2.00), with shares changing hands as low as $19.90 on the day. This compares to an average yield of 7.74% in the "Transportation" preferred stock category, according to Preferred Stock Channel. As of last close, SB.PRD was trading at a 18.20% discount to its liquidation preference amount, versus the average discount of 5.50% in the "Transportation" category.

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

Performance Comparison Chart

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

SB.PRD+Dividend+History+Chart

In Friday trading, Safe Bulkers Inc's 8.00% Series D Cumulative Redeemable Perpetual Preferred Shares ( SB.PRD) is currently down about 2.7% on the day, while the common shares ( SB) are trading flat.

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