On 1/19/17, Safe Bulkers Inc's 8.00% Series B Cumulative Redeemable Perpetual (SB.PRB) will trade ex-dividend, for its quarterly dividend of $0.50, payable on 1/30/17. As a percentage of SB.PRB's recent share price of $24.00, this dividend works out to approximately 2.08%, so look for shares of SB.PRB to trade 2.08% lower — all else being equal — when SB.PRB shares open for trading on 1/19/17. On an annualized basis, the current yield is approximately 8.39%, which compares to an average yield of 8.33% in the "Shipping" preferred stock category, according to Preferred Stock Channel.

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As of last close, SB.PRB was trading at a 4.60% discount to its liquidation preference amount. 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 dividends prior to the most recent $0.50 on Safe Bulkers Inc's 8.00% Series B Cumulative Redeemable Perpetual:

SB.PRB+Dividend+History+Chart

In Tuesday trading, Safe Bulkers Inc's 8.00% Series B Cumulative Redeemable Perpetual ( SB.PRB) is currently up about 0.6% on the day, while the common shares ( SB) are trading flat.

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