Last $8.76 USD
Change Today +0.29 / 3.42%
Volume 643.1K
SB On Other Exchanges
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Stuttgart
As of 8:04 PM 04/17/14 All times are local (Market data is delayed by at least 15 minutes).

safe bulkers inc (SB) Key Developments

Safe Bulkers, Inc. Declares Quarterly Dividend on 8.00% Series B Cumulative Redeemable Perpetual Preferred Shares, Payable on April 30, 2014

Safe Bulkers, Inc. announced that the company's Board of Directors has declared a cash dividend of $0.50 per share on its 8.00% Series B Cumulative Redeemable Perpetual Preferred Shares for the period from January 30, 2014 to April 29, 2014. The dividend will be paid on April 30, 2014 to all Series B preferred shareholders of record as of April 24, 2014.

Safe Bulkers, Inc. Announces Unaudited Consolidated Financial Results for the Fourth Quarter and Year Ended December 31, 2013

Safe Bulkers, Inc. announced unaudited consolidated financial results for the fourth quarter and year ended December 31, 2013. Net revenue for the fourth quarter of 2013 increased by 28% to $59.2 million from $46.4 million during the same period in 2012. Net income for the fourth quarter of 2013 decreased by 4% to $31.0 million from $32.2 million, during the same period in 2012. Adjusted net income for the fourth quarter of 2013 increased by 53% to $31.3 million from $20.5 million, during the same period in 2012. EBITDA for the fourth quarter of 2013 decreased by 2% to $43.0 million from $43.9 million during the same period in 2012. Adjusted EBITDA for the fourth quarter of 2013 increased by 34% to $43.3 million from $32.2 million during the same period in 2012. Earnings per share and Adjusted EPS for the fourth quarter of 2013 were $0.38 and $0.38 respectively, compared to $0.42 and $0.27 in the fourth quarter of 2012. Net revenues increased mainly due to the amortization of cash compensation in relation to the agreements concluded with the charterers of the Stalo and Eleni. Operating income was $35,372,000, compared to $33,878,000 for the last year. Net Income available to common shareholders was $32,223,000, compared to $30,201,000 for the last year. For the year, net revenue increased by 1% to $186.7 million from $184.3 million during the same period in 2012. Net income decreased by 13% to $83.3 million from $96.1 million. Adjusted net income for the twelve-month period ended December 31, 2013 decreased by 16% to $75.4 million from $89.8 million, during the same period in 2012. EBITDA decreased by 5% to $130.0 million from $137.5 million during the same period in 2012. Adjusted EBITDA decreased by 7% to $122.2 million from $131.2 million during the same period in 2012. EPS and Adjusted EPS were $1.05 and $0.95 respectively, compared to $1.27 and $1.19 for the same period in 2012. Operating income was $111,951,000, compared to $92,846,000 for the last year. Net Income available to common shareholders was $96,120,000, compared to $81,470,000 for the last year.

Safe Bulkers, Inc. Declares Quarterly Dividend, Payable on or About March 17, 2014

The Board of Directors of Safe Bulkers, Inc. declared a quarterly cash dividend on the company's common stock of $0.06 per share payable on or about March 17, 2014 to shareholders of record at the close of trading of the company's common stock on the New York Stock Exchange on March 10, 2014.

Safe Bulkers, Inc. Presents at 8th Annual Invest in International Shipping Forum, Mar-20-2014

Safe Bulkers, Inc. Presents at 8th Annual Invest in International Shipping Forum, Mar-20-2014. Venue: The Metropolitan Club, New York, New York, United States. Presentation Date & Speakers: Mar-20-2014, Loukas Barmparis, President, Secretary and Director, Polys Hajioannou, Chairman and Chief Executive Officer.

Safe Bulkers, Inc. to Report Q4, 2013 Results on Feb 26, 2014

Safe Bulkers, Inc. announced that they will report Q4, 2013 results at 5:00 PM, GTB Standard Time on Feb 26, 2014

 

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Valuation SB Industry Range
Price/Earnings 8.3x
Price/Sales 3.7x
Price/Book 1.3x
Price/Cash Flow 6.1x
TEV/Sales 0.6x
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