Safe Bulkers Series B Shares Cross 8.5% Yield Mark

In trading on Thursday, shares of Safe Bulkers Inc's 8.00% Series B Cumulative Redeemable Perpetual (SB.PRB) were yielding above the 8.5% mark based on its quarterly dividend (annualized to $2.00), with shares changing hands as low as $23.50 on the day. This compares to an average yield of 7.93% in the "Transportation" preferred stock category, according to Preferred Stock Channel. As of last close, SB.PRB was trading at a 3.96% discount to its liquidation preference amount, versus the average discount of 7.09% 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 Thursday trading, Safe Bulkers Inc's 8.00% Series B Cumulative Redeemable Perpetual ( SB.PRB) is currently trading flat on the day, while the common shares ( SB) are off about 3%.

More from Stocks

Jim Cramer on Earnings: All Stories Aren't Equal

Jim Cramer on Earnings: All Stories Aren't Equal

Stocks Seek Direction Amid a Rise in Bond Yields, Strong Earnings

Stocks Seek Direction Amid a Rise in Bond Yields, Strong Earnings

Facebook First-Quarter Earnings: 3 Key Things To Watch For

Facebook First-Quarter Earnings: 3 Key Things To Watch For

Twitter Tops Wall Street's Estimates - Here Are the Key Numbers You Need to Know

Twitter Tops Wall Street's Estimates - Here Are the Key Numbers You Need to Know

Street Stats: 3 Numbers That Will Make Any Stock Market Bear Instantly Bullish

Street Stats: 3 Numbers That Will Make Any Stock Market Bear Instantly Bullish