World News: 21:05 GMT Friday 11th January 2019. [Safe Bulkers, Inc. via Globe Newswire via SPi World News]
MONACO, Jan. 11, 2019 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the “Company”) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that the Company's Board of Directors has declared:
Each dividend will be paid on January 30, 2019 to all shareholders of record as of January 23, 2019 of the Series C Preferred Shares and of the Series D Preferred Shares, respectively. Dividends on the Series C and D Preferred Shares are payable quarterly in arrears on the 30th day (unless the 30 falls on a weekend or public holiday, in which case the payment date is moved to the next business day) of January, April, July and October of each year.
This is the nineteenth consecutive cash dividend declared on the Company’s Series C Preferred Shares and the eighteenth cash dividend declared on its Series D Preferred Shares, since their commencement of trading on the New York Stock Exchange.
The declaration and payment of dividends, if any, will always be subject to the discretion of the Board of Directors of the Company, and will depend on, among other things, the Company’s earnings, financial condition and cash requirements and availability, the Company’s ability to obtain debt and equity financing on acceptable terms as contemplated by the Company’s growth strategy, the restrictive covenants in the Company’s existing and future debt instruments and global economic conditions.
Globe Newswire: 21:05 GMT Friday 11th January 2019
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