On 1/22/18, 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 1/30/18. As a percentage of SB.PRC's recent share price of $23.66, this dividend works out to approximately 2.11%, so look for shares of SB.PRC to trade 2.11% lower — all else being equal — when SB.PRC shares open for trading on 1/22/18. On an annualized basis, the current yield is approximately 8.37%, which compares to an average yield of 6.53% 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 4.40% 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 Thursday trading, Safe Bulkers Inc's 8.00% Series C Cumulative Redeemable Perpetual Preferred Shares ( SB.PRC) is currently off about 1% on the day, while the common shares ( SB - Get Report) are trading flat.