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.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: 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 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.
TheStreet’s Fundamentals of Investing Course will teach you the keys to making the right decisions in any market.
TheStreet’s Personal Finance Essentials Course will teach you money management basics and investing strategies to help you avoid major financial pitfalls.
TheStreet Courses offers dedicated classes designed to improve your investing skills, stock market knowledge and money management capabilities.
More from Stocks
Beyond Meat Slides After Andrew Left's Citron Slams Stock in Tweet
Newly public meat-alternative company sees shares lower on short-seller's critique.
Baidu, Alibaba and Tencent All Reported This Week: A Chinese Tech Scorecard
China's tech giants gave a look into how they're faring amid trade worries and other macro factors.
Stock Exchanges in Need of Reform. Is the Long-Term Stock Exchange the Answer?
Tech companies could find a friendly home in the Long-Term Stock Exchange, but whether everyday investors will embrace remains an open question.
Kohl's and 2 Other Retail Earnings That Every Investor Should Watch Next Week
Feeling overwhelmed as the markets gear up for retail earnings palooza? Action Alerts PLUS senior analyst Jeff Marks is watching three key retail earnings.