Safe Bulkers (SB) Declares $0.01 Quarterly Dividend; 1.1% Yield

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Go back to Safe Bulkers (SB) Declares $0.01 Quarterly Dividend; 1.1% Yield

Safe Bulkers, Inc. Reports First Quarter 2015 Results and Declares Quarterly Dividend on Common Stock

June 8, 2015 4:02 PM EDT

MONACO -- (Marketwired) -- 06/08/15 -- Safe Bulkers, Inc. (the "Company") (NYSE: SB), an international provider of marine drybulk transportation services, announced today its unaudited financial results for the three month period ended March 31, 2015. The Board of Directors of the Company also declared a quarterly dividend of $0.01 per share of the common stock for the first quarter of 2015.

Summary of First Quarter 2015 Results

Net revenue for the first quarter of 2015 decreased by 22% to $32.1 million from $41.3 million during the same period in 2014. Net loss for the first quarter of 2015... More