Report on Financial Results of Second Quarter and Six-Month period ended June 30, 2026 and Declaration of Dividend on Common Stock
Safe Bulkers reported a strong turnaround for Q2 2026, with net income rising to $35.2 million from $1.7 million in the prior year, fueled by a 33% jump in net revenues to $87.5 million. The Board increased the quarterly dividend by 25% to $0.075 per share, reflecting robust operational performance and a strengthened balance sheet amidst improved charter market conditions.
Key figures
- Eps
- 0.33
- Ebitda
- $54.8 million
- Revenue
- $87.5 million
- Dividend
- 0.075
- Net income
- $35.2 million
- Revenue Yoy
- 33%
- Adjusted ebitda
- $50.3 million
- Tce rate
- 20642
- Shares repurchased ytd
- 515469
AI analysis
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