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Recent press releases and 8-K filings for SB.
Safe Bulkers Announces Acquisition of Two Newbuild Dry-bulk Vessels
SB
New Projects/Investments
- Safe Bulkers, Inc. has entered into an agreement to acquire two newbuild, 82,500 dwt, Kamsarmax class dry-bulk vessels.
- These new vessels are scheduled for delivery in the third quarter of 2028 and the first quarter of 2029.
- The acquired vessels are designed to meet IMO GHG -EEDI Phase 3 and NOx-Tier III requirements, indicating advanced energy efficiency and lower emissions.
- Including this agreement, Safe Bulkers has an outstanding orderbook of eight newbuild vessels, with scheduled deliveries of four in 2026, two in 2027, one in 2028, and one in 2029.
Jan 22, 2026, 10:11 PM
Safe Bulkers Announces Share Repurchase Program
SB
Share Buyback
- Safe Bulkers, Inc. announced a new program authorizing the repurchase of up to 10,000,000 shares of its common stock, effective December 1, 2025.
- This repurchase program represents approximately 9.8% of the company's outstanding common stock and 20.0% of its public float.
- The purchases will be made in the open market, in compliance with applicable laws and Rule 10b-18 safe harbor provisions, and will be funded using the company's existing cash resources.
- The program is discretionary, does not obligate the company to purchase shares, and supersedes any prior repurchase program.
Dec 1, 2025, 10:29 PM
Safe Bulkers, Inc. Reports Q3 2025 Results and Declares Dividend
SB
Earnings
Dividends
New Projects/Investments
- Safe Bulkers, Inc. reported net revenues of $73.1 million, net income of $17.8 million, and earnings per share of $0.15 for the third quarter of 2025.
- The Board of Directors declared a cash dividend of $0.05 per share of common stock, payable on December 19, 2025.
- As part of its fleet renewal strategy, the company sold two Kamsarmax vessels in Q3 2025 for a gross sale price totaling $24 million and has an orderbook of six newbuilds with $175.6 million in remaining capital expenditure requirements as of September 30, 2025.
- The company enhanced its liquidity by entering into a new $75 million sustainability-linked, five-year senior secured revolving credit facility in July 2025.
Nov 26, 2025, 9:38 PM
Safe Bulkers Announces Q3 2025 Financial Results and Fleet Renewal Progress
SB
Earnings
Dividends
Share Buyback
- Safe Bulkers reported Adjusted EBITDA of $36.1 million and Adjusted EPS of $0.12 for Q3 2025, compared to $41.3 million and $0.16 respectively for Q3 2024, reflecting a weaker charter market environment.
- The company declared its 16th consecutive quarterly dividend of $0.05 per share of common stock and has returned a total of $83.9 million in common dividends and $74.9 million in common share repurchases to shareholders since 2022.
- As part of its ongoing fleet renewal strategy, Safe Bulkers sold two of its oldest vessels and maintains a young fleet with an average age of 10.1 years, with six new builds on order for delivery by Q1 2027.
- Safe Bulkers maintains a strong capital structure with $124 million in cash and $267 million in undrawn revolving credit facilities, resulting in combined liquidity and capital resources of nearly $400 million as of November 21, 2025.
- The dry bulk market recovered compared to the previous quarter, with the dry bulk fleet projected to grow by about 3% on average in 2025 and 2026, while global dry bulk demand growth is forecasted at 2% in 2026 and 1.5% in 2027.
Nov 26, 2025, 3:00 PM
Safe Bulkers Announces Q3 2025 Financial Results and Fleet Renewal Progress
SB
Earnings
Dividends
New Projects/Investments
- Safe Bulkers reported Q3 2025 adjusted EBITDA of $36.1 million and adjusted EPS of $0.12, a decrease from Q3 2024 figures of $41.3 million and $0.16 respectively, primarily due to a weaker charter market environment.
- The company declared its 16th consecutive quarterly dividend of $0.05 per share of common stock and maintains strong liquidity with combined capital resources of just under $400 million as of November 21, 2025.
- Safe Bulkers continues its fleet renewal strategy by selling older vessels, resulting in a young fleet with an average age of 10.1 years and 80% Japanese-built vessels, with 6 new Phase III vessels on order for delivery by Q1 2027.
- The dry bulk market recovered in Q3 2025, with the dry bulk fleet projected to grow by approximately 3% in 2025 and 2026, while global dry bulk demand is forecasted to grow by 2% in 2026 and 1.5% in 2027.
Nov 26, 2025, 3:00 PM
SB Reports Q3 2025 Financial Results and Shareholder Returns
SB
Earnings
Dividends
Share Buyback
- For Q3 2025, SB reported Net Revenues of $73.1 million, Adjusted EBITDA of $36.1 million, and Adjusted EPS of $0.12. The Time Charter Equivalent (TCE) Rate for the quarter was $15,507.
- The company declared a $0.05 per share quarterly dividend, marking its 16th consecutive quarterly common dividend. Since 2022, SB has returned $83.9 million in common dividends and repurchased $74.9 million in common shares, representing approximately 16% of its share count.
- SB maintains $390 million in liquidity and capital resources with a 35% leverage ratio. The company's fleet consists of 45 vessels with an average age of 10.1 years, and it has 6 newbuilds on order, including 2 dual fuel methanol vessels.
- The dry bulk market is projected to see demand growth of +2% in 2026, while supply is expected to increase by +2.8% in the same year. Global GDP is forecasted to grow by +3.1% in 2026.
Nov 26, 2025, 3:00 PM
Safe Bulkers Reports Q3 2025 Financial Results and Declares Dividend
SB
Earnings
Dividends
Demand Weakening
- Safe Bulkers reported adjusted EBITDA of $36.1 million and adjusted EPS of $0.12 for Q3 2025, compared to $41.3 million and $0.16 respectively for Q3 2024, operating an average of 46.51 vessels at an average time charter equivalent (TCE) of $15,507.
- The company declared its 16th consecutive quarterly dividend of $0.05 per share of common stock, representing a 4.1% dividend yield.
- As of November 21, 2025, Safe Bulkers maintained a strong liquidity position with $187 million in cash and $210 million in undrawn revolving credit facilities, totaling just under $400 million in combined liquidity and capital resources.
- Safe Bulkers continues its fleet renewal strategy by selling two of its oldest vessels and has a remaining order book of six new builds, aiming for 35% of its fleet to be phased new vessels by Q1 2027.
- The company has a contracted revenue backlog of $154 million, including $124 million from its Capesize fleet which is fully period chartered with an average daily rate of $24,800 and an average remaining duration of 1.7 years.
Nov 26, 2025, 3:00 PM
Quarterly earnings call transcripts for SAFE BULKERS.
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