Credit Suisse Downgrades Safe Bulkers (SB) to Neutral

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Citi Downgrades Safe Bulkers (SB) to Neutral

March 2, 2015 8:57 AM EST

Citi downgraded Safe Bulkers (NYSE: SB) from Buy to Neutral with a price target of $4.00 (from $8.00).

For an analyst ratings summary and ratings history on Safe Bulkers click here. For more ratings news on Safe Bulkers click here.

Shares of Safe Bulkers closed at $3.79 yesterday.

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February 27, 2015 6:45 AM EST

Safe Bulkers (NYSE: SB) declared a quarterly dividend of $0.02 per share, or $0.08 annualized.

The dividend will be payable on March 17, 2015, to stockholders of record on March 10, 2015, with an ex-dividend date of March 6, 2015.

The annual yield on the dividend is 2.1... More