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 Second Quarter and First Six Months 2015 Results and Declares Quarterly Dividend on Common Stock

July 30, 2015 5:30 PM EDT

MONACO -- (Marketwired) -- 07/30/15 -- Safe Bulkers, Inc. (the "Company") (NYSE: SB), an international provider of marine drybulk transportation services, announced today its unaudited financial results for the three and six month period ended June 30, 2015. The Board of Directors of the Company also declared a quarterly dividend of $0.01 per share of common stock for the second quarter of 2015.

Summary of Second Quarter 2015 Results

Net revenue for the second quarter of 2015 decreased by 15% to $31.8 million from $37.2 million during the same period in 2014. Net loss for the second quarter... More