Safe Bulkers, Inc. Reports First Quarter 2026 Results and Declares Dividend on Common Stock
Safe Bulkers reported Q1 2026 net revenue of $74.4 million, up 16% year-over-year, with net income more than tripling to $22.2 million from $7.2 million in the prior year. The Board declared a cash dividend of $0.06 per share, an increase from the previous $0.05, and confirmed the repurchase of approximately 515,000 shares under its authorization program.
Key figures
- Eps
- 0.2
- Revenue
- 74400000
- Ebitda
- 42200000
- Tce rate
- 17095
- Net income
- 22200000
- Total cash
- 181200000
- Total debt
- 544000000
- Adjusted eps
- 0.18
- Adjusted ebitda
- 40700000
- Daily vessel opex
- 5223
- Dividend per share
- 0.06
- Net debt per vessel
- 8100000
- Shares repurchased ytd
- 515469
- Undrawn credit facilities
- 193200000
AI analysis
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