Safe Bulkers has a 5 year average dividend yield of 3.77% The 5 year historical dividend growth of Safe Bulkers(SB) is at the rate of -48.85% while the R-Squared dividend growth is 0.78. If the value of R-Square is close to one, it indicates a perfect fit and the higher value conforms to the regression line while data close to zero indicates the opposite.
Safe Bulkers, Inc (NYSE:SB) witnessed a decline in the market cap on Thursday as its shares dropped 5.3% or 0.07 points. After the session commenced at $1.34, the stock reached the higher end at $1.37 while it hit a low of $1.23. With the volume soaring to 819,949 shares, the last trade was called at $1.25. The company has a 52-week high of $2.38. The company has a market cap of $127 million and there are 101,978,900 shares in outstanding. The 52-week low of the share price is $0.5227. Safe Bulkers, Inc. has lost 13.19% in the last five trading days and dropped 11.35% in the last 4 weeks. Safe Bulkers, Inc. has dropped 24.24% during the last 3-month period . Year-to-Date the stock performance stands at 8.7%.
Institutional Investors own 12.91% of Safe Bulkers, Inc shares. Several Stock Research Financial Advisors from Investment Banking firms have advised their client and investors on the stock.Safe Bulkers was Upgraded by DNB Markets to Buy on Jan 27, 2017. Safe Bulkers was Initiated by Stifel on Jan 20, 2017 to Hold, Price Target of the shares are set at $1.50.
Safe Bulkers Last issued its quarterly earnings results on Oct 31, 2016. The company reported $-0.15 EPS for the quarter. Analyst had a consensus estimate of $-0.15. The company had revenue of $27.10 million for the quarter, compared to analysts expectations of $25.85 million. The companys revenue was down -19.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $-0.12 EPS.
SAFE BULKERS is an international provider of marine drybulk transportation services, transporting bulk cargoes, particularly grain, iron ore and coal, along worldwide shipping routes for some of the worlds largest consumers of marine drybulk transportation services.