On 4/20/17, Safe Bulkers Inc's 8.00% Series C Cumulative Redeemable Perpetual Preferred Shares (SB.PRC) will trade ex-dividend, for its quarterly dividend of $0.50, payable on 5/1/17. As a percentage of SB.PRC's recent share price of $19.80, this dividend works out to approximately 2.53%, so look for shares of SB.PRC to trade 2.53% lower — all else being equal — when SB.PRC shares open for trading on 4/20/17. On an annualized basis, the current yield is approximately 10.08%, which compares to an average yield of 7.25% in the "Shipping" preferred stock category, according to Preferred Stock Channel.

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As of last close, SB.PRC was trading at a 20.60% discount to its liquidation preference amount. The chart below shows the one year performance of SB.PRC shares, versus SB:

Performance Comparison Chart

Below is a dividend history chart for SB.PRC, showing historical dividends prior to the most recent $0.50 on Safe Bulkers Inc's 8.00% Series C Cumulative Redeemable Perpetual Preferred Shares:

SB.PRC+Dividend+History+Chart

In Tuesday trading, Safe Bulkers Inc's 8.00% Series C Cumulative Redeemable Perpetual Preferred Shares ( SB.PRC) is currently down about 0.3% on the day, while the common shares ( SB) are trading flat.

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