Safe Bulkers Files Routine 6-K Report

TL;DR

SAFE filed a 6-K, just routine stuff, no major news.

AI Summary

Safe Bulkers, Inc. filed a Form 6-K on July 2, 2024, to report information for the month of July 2024. The company is a foreign private issuer based in Monaco and is subject to the reporting requirements of the Securities Exchange Act of 1934. This filing does not appear to contain specific financial figures or material events beyond its routine reporting status.

Why It Matters

This filing indicates Safe Bulkers is meeting its ongoing disclosure obligations as a foreign private issuer. Investors should look for more substantive filings for significant company news.

Risk Assessment

Risk Level: low — This is a routine filing that does not appear to contain new material information or significant financial updates.

Key Players & Entities

• SAFE BULKERS, INC. (company) — Registrant
• Monaco (location) — Principal executive office location

FAQ

Key Financial Figures

• $0.50 — tors has declared: a cash dividend of $0.50 per share on its 8.00% Series C Cumulat

Filing Documents

• f70224sb6k.htm (6-K) — 15KB
• f70224sb6k001.jpg (GRAPHIC) — 31KB
• 0001317861-24-000034.txt ( ) — 58KB

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. Date: July 2, 2024 SAFE BULKERS, INC. By: /s/ Konstantinos Adamopoulos Name: Konstantinos Adamopoulos Title: Chief Financial Officer Safe Bulkers, Inc. Declares Quarterly Dividend on its 8.00% Series C Cumulative Redeemable Perpetual Preferred Shares; 8.00% Series D Cumulative Redeemable Perpetual Preferred Shares Monaco July 2, 2024 -- 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: a cash dividend of $0.50 per share on its 8.00% Series C Cumulative Redeemable Perpetual Preferred Shares (the Series C Preferred Shares) (NYSE: SB.PR.C) for the period from April 30, 2024 to July 29, 2024; a cash dividend of $0.50 per share on its 8.00% Series D Cumulative Redeemable Perpetual Preferred Shares (the Series D Preferred Shares) (NYSE: SB.PR.D) for the period from April 30, 2024 to July 29, 2024. Each dividend will be paid on July 30, 2024, to all shareholders of record as of July 19, 2024 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 30th 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. The declaration and payment of future dividends, if any, will always be subject to the discretion of the Board of Directors of the Company. There is no guarantee that the Companys Board of Directors will determine to issue cash dividends in the future. The timing and amount of any dividends declared will depend on, among other things: (i) the Companys earnings, fleet employment profile, f

Forward-Looking Statements

Forward-Looking Statements This press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and in Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events, the Companys growth strategy and measures to implement such strategy, including expected vessel acquisitions and entering into further time charters. Words such as expects, intends, plans, believes, anticipates, hopes, estimates and variations of such words and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, business disruptions due to natural disasters or other events, such as the recent COVID-19 pandemic, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, changes in the demand for drybulk vessels, competitive factors in the market in which the Company operates, changes in TCE rates, changes in fuel prices, risks associated with operations outside the United States, general domestic and international political conditions, uncertainty in the banking sector and other related market volatility, disruption of shipping routes due to political events, risks associated with vessel construction and other factors listed from time to time in the Companys filings with the Securities and Exchange Commission. The Company expressly disclaims any obligations or undertakings to release any updates or revisions to any forward-looking statements

View Full Filing

View this 6-K filing on SEC EDGAR