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%.

If you liked this article you might like

Softbank Searches the Skies for OneWeb Partner

Softbank Searches the Skies for OneWeb Partner

Dry Bulk Shippers Upgraded at Morgan Stanley, Stocks Surge

Dry Bulk Shippers Upgraded at Morgan Stanley, Stocks Surge

10 Worst-Performing Small-Cap Stocks in 2016

10 Worst-Performing Small-Cap Stocks in 2016

Safe Bulkers (SB) Stock Flat After-Hours Despite Earnings, Revenue Miss

Safe Bulkers (SB) Stock Flat After-Hours Despite Earnings, Revenue Miss

Baker Hughes Stock Is a No-Brainer After Schlumberger's Solid Results

Baker Hughes Stock Is a No-Brainer After Schlumberger's Solid Results