Safe Bulkers' Series D Preferred Shares Cross 9% Yield Mark

In trading on Tuesday, shares of Safe Bulkers Inc's 8.00% Series D Cumulative Redeemable Perpetual Preferred Shares (SB.PRD) were yielding above the 9% mark based on its quarterly dividend (annualized to $2.00), with shares changing hands as low as $22.13 on the day. This compares to an average yield of 6.70% in the "Shipping" preferred stock category, according to Preferred Stock Channel. As of last close, SB.PRD was trading at a 10.40% discount to its liquidation preference amount, versus the average discount of 12.08% in the "Shipping" category.

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The chart below shows the one year performance of SB.PRD shares, versus SB:

Performance Comparison Chart

Below is a dividend history chart for SB.PRD, showing historical dividend payments on Safe Bulkers Inc's 8.00% Series D Cumulative Redeemable Perpetual Preferred Shares:

SB.PRD+Dividend+History+Chart

In Tuesday trading, Safe Bulkers Inc's 8.00% Series D Cumulative Redeemable Perpetual Preferred Shares ( SB.PRD) is currently down about 0.5% on the day, while the common shares ( SB) are up about 3.1%.

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