Safe Bulkers (SB) Misses Q1 EPS by 8c

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Citi Downgrades Safe Bulkers (SB) to Sell

June 10, 2015 8:29 AM EDT

Citi downgraded Safe Bulkers (NYSE: SB) from Neutral to Sell with a price target of $2.00.

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 $3.22 yesterday.

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June 8, 2015 4:03 PM EDT

Safe Bulkers (NYSE: SB) declared a quarterly dividend of $0.01 per share, or $0.04 annualized.

The dividend will be payable on June 26, 2015, to stockholders of record on June 19, 2015, with an ex-dividend date of June 17, 2015.

The annual yield on the dividend is 1.1... More