Safe Bulkers (SB) goes ex-dividend tomorrow yielding 7.2%

NEW YORK (TheStreet) — The ex-dividend date for Safe Bulkers (NYSE:SB) is tomorrow, May 18, 2011. Owners of shares as of market close today will be eligible for a dividend of 15 cents per share. At a price of $8.09 as of 9:32 a.m. ET, the dividend yield is 7.2%.

The average volume for Safe Bulkers has been 251,600 shares per day over the past 30 days. Safe Bulkers has a market cap of $586.9 million and is part of the services sector and transportation industry. Shares are down 6.5% year to date as of the close of trading on Monday.

Safe Bulkers, Inc. provides marine drybulk transportation services worldwide. The company transports various bulk cargoes, such as coal, grain, and iron ore. The company has a P/E ratio of 4.8, below the average transportation industry P/E ratio of 5.2 and below the S&P 500 P/E ratio of 17.7.

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Disclosure: I don’t own Safe Bulkers now, but I intend to in the future months.

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Published in: on May 17, 2011 at 1:59 pm  Leave a Comment  

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