On 7/20/17, 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 7/31/17. As a percentage of SB.PRC's recent share price of $20.24, this dividend works out to approximately 2.47%, so look for shares of SB.PRC to trade 2.47% lower — all else being equal — when SB.PRC shares open for trading on 7/20/17. On an annualized basis, the current yield is approximately 9.91%, which compares to an average yield of 7.15% in the "Shipping" preferred stock category, according to Preferred Stock Channel.As of last close, SB.PRC was trading at a 19.20% discount to its liquidation preference amount. The chart below shows the one year performance of SB.PRC shares, versus SB: 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: In Tuesday trading, Safe Bulkers Inc's 8.00% Series C Cumulative Redeemable Perpetual Preferred Shares ( SB.PRC) is currently up about 0.2% on the day, while the common shares ( SB - Get Report) are trading flat.
More from Stocks
HP Inc. Shares Rise After Company Beats on Earnings and Revenue
The company also slightly raised its earnings per share guidance for the year.
Jim Cramer Explains What a Trade War With China Means for Tesla
Tesla stock continues to tumble. Jim Cramer opines if ongoing trade tensions with China are to blame.
The Nasdaq A/D Line Peaked Months Ago: Danger Will Robinson
'It is not a healthy market when the generals are still going up and the troops are in retreat.'
Dow Ends Sharply Lower as U.S.-China Trade War Intensifies; Tech Hit Hard
Stocks fell Thursday as investors reacted to escalating rhetoric in the trade war between the United States and China.