Safe Bulkers, Inc. Declares Dividends for Series C and D Preferred Shares

MONACO, Oct. 02, 2026 /CourierPR/ -- Safe Bulkers, Inc., an international provider of marine drybulk transportation services, has announced a quarterly dividend for its preferred shareholders. The company's Board of Directors has declared a cash dividend of $0.50 per share on its 8.00% Series C Cumulative Redeemable Perpetual Preferred Shares (SB.PR.C) and 8.00% Series D Cumulative Redeemable Perpetual Preferred Shares (SB.PR.D) for the period from July 30, 2026, to October 29, 2026. The dividends will be paid on October 30, 2026, to shareholders of record as of October 16, 2026.

According to the company, dividends on the Series C and D Preferred Shares are payable quarterly in arrears on the 30th day of January, April, July, and October of each year, unless the 30th falls on a weekend or public holiday, in which case the payment date is moved to the next business day. Safe Bulkers, Inc. emphasizes that the declaration and payment of future dividends, if any, are subject to the discretion of the Board of Directors. The timing and amount of any dividends declared will depend on various factors, including the company's earnings, fleet employment profile, financial condition, and cash requirements and available sources of liquidity.

Safe Bulkers, Inc. operates as an international provider of marine drybulk transportation services, transporting bulk cargoes such as coal, grain, and iron ore along worldwide shipping routes for some of the world's largest users of marine drybulk transportation services. The company's common stock is dual-listed on the New York Stock Exchange and Euronext Athens, trading under the symbol "SB." The company's Series C and Series D preferred shares are listed on the NYSE under the symbols "SB.PR.C" and "SB.PR.D," respectively.

The company notes that forward-looking statements in the press release are subject to risks and uncertainties, including changes in the demand for dry-bulk vessels, competitive factors, changes in TCE rates, changes in fuel prices, and other factors listed from time to time in the company's filings with the Securities and Exchange Commission. Safe Bulkers, Inc. expressly disclaims any obligations or undertakings to release any updates or revisions to any forward-looking statements contained in the press release.

The declaration of the dividend reflects the company's commitment to rewarding its shareholders, while maintaining flexibility in its financial strategy. Safe Bulkers, Inc. continues to focus on its growth, fleet renewal, and leverage strategies, ensuring that its operations remain aligned with the evolving market conditions.