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.
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