Safe Bulkers doubled earnings expectations with EPS of $0.18 and net income that tripled year-over-year, driven by stronger charter rates and lower operating costs, prompting a dividend hike to $0.06 per share.
Safe Bulkers :
SB
SB
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$7.16
$0.34 (4.99%)
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Safe Bulkers Inc specializes in marine drybulk transportation, operating a diverse fleet of 47 vessels designed to carry bulk cargoes like coal, grain, and iron ore. With a total capacity of 4.7 million deadweight tons, their fleet includes Panamax, Kamsarmax, post-Panamax, and Capesize class vessels. Founded in 2007 and headquartered in Monaco, Safe Bulkers is a key player in the global shipping industry, ensuring the efficient and safe delivery of essential commodities across the world.
Latest Activity
Safe Bulkers reports after the close today with dry bulk charter rates and global shipping demand in focus for investors tracking the dry bulk cycle.
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