SAFE BULKERS, INC. (SB) Form 6-K — Jun 18, 2026
Safe Bulkers reported unaudited financial results for the first quarter of 2026, demonstrating strong operational improvement with net revenues increasing 16% year-over-year to $74.4 million. Net income for the quarter was $22.2 million, or $0.20 per share, compared to $7.2 million, or $0.05 per share, in the prior year period, driven by higher time charter equivalent rates which averaged $17,095 per day. The Board of Directors declared a cash dividend of $0.06 per share on the common stock, payable on July 16, 2026, representing an increase from previous dividends.
Key figures
- Eps
- 0.2
- Revenue
- 74400000
- Net Income
- 22200000
- Total Debt
- 544000000
- Cash Position
- 181200000
- Ebitda
- 42200000
- Tce rate
- 17095
- Fleet size
- 45
- Adjusted ebitda
- 40700000
- Dividend per share
- 0.06
- Repurchased shares
- 515469
AI analysis
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