Last $3.79 USD
Change Today -0.03 / -0.79%
Volume 207.1K
SB On Other Exchanges
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As of 10:40 AM 03/3/15 All times are local (Market data is delayed by at least 15 minutes).

safe bulkers inc (SB) Key Developments

Safe Bulkers, Inc. Declares Quarterly Cash Dividend for the Fourth Quarter of 2014, Payable on or About March 17, 2015; Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Year Ended December 31, 2014

The Board of Directors of the Safe Bulkers, Inc. declared a quarterly cash dividend on the Company's common stock of USD 0.02 per share for the fourth quarter of 2014, payable on or about March 17, 2015 to shareholders of record at the close of trading of the Company's common stock on the New York Stock Exchange on March 10, 2015. The company announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2014. For the quarter, revenues were USD 40,593,000 against USD 60,816,000 a year ago. Operating income was USD 3,614,000 against USD 33,878,000 a year ago. Net loss available for common shareholders was USD 3,698,000 against net loss of USD 30,201,000 a year ago. Loss per share were USD 0.04 against earnings per share of USD 0.38 a year ago. Adjusted net income was USD 4,699,000 against USD 31,326,000 a year ago. EBITDA was USD 13,416,000 against USD 42,997,000 a year ago. Adjusted EBITDA was USD 18,263,000 against USD 43,304,000 a year ago Adjusted Net income available for common shareholders was USD 1,149,000 against USD 30,508,000 a year ago. Adjusted EPS was USD 0.01 against USD 0.38 a year ago. For the year, revenues were USD 159,900,000 against USD 191,520,000 a year ago. Operating income was USD 26,716,000 against USD 92,846,000 a year ago. Net income available for common shareholders was USD 5,244,000 against USD 81,470,000 a year ago. Earnings per share were USD 0.06 against loss per share of USD 1.05 a year ago. Adjusted net income was USD 17,498,000 against USD 75,434,000 a year ago. EBITDA was USD 66,704,000 against USD 129,981,000 a year ago. Adjusted EBITDA was USD 69,568,000 against USD 122,158,000 a year ago. Adjusted Net income available for common shareholders was USD 8,108,000 against USD 73,647,000 a year ago. Adjusted EPS was USD 0.10 against USD 0.95 a year ago.

Safe Bulkers, Inc. to Report Q4, 2014 Results on Feb 26, 2015

Safe Bulkers, Inc. announced that they will report Q4, 2014 results at 5:00 PM, GTB Standard Time on Feb 26, 2015

Safe Bulkers, Inc., Q4 2014 Earnings Call, Feb 27, 2015

Safe Bulkers, Inc., Q4 2014 Earnings Call, Feb 27, 2015

Safe Bulkers, Inc. Declares Cash Dividend on Preferred Shares for the Period from October 30, 2014 to January 29, 2015, Payable on January 30, 2015

Safe Bulkers, Inc. announced that the Company's Board of Directors has declared: a cash dividend of $0.50 per share on its 8.00% Series B Cumulative Redeemable Perpetual Preferred Shares (the Series B Preferred Shares) for the period from October 30, 2014 to January 29, 2015; a cash dividend of $0.50 per share on its 8.00% Series C Cumulative Redeemable Perpetual Preferred Shares (the Series C Preferred Shares) for the period from October 30, 2014 to January 29, 2015; a cash dividend of $0.50 per share on its 8.00% Series D Cumulative Redeemable Perpetual Preferred Shares (the Series D Preferred Shares) for the period from October 30, 2014 to January 29, 2015. Each dividend will be paid on January 30, 2015 to all shareholders of record as of January 23, 2015 of the Series B Preferred Shares of the Series C Preferred Shares and of the Series D Preferred Shares, respectively.

Safe Bulkers, Inc. Declares Cash Dividend for the Third Quarter of 2014, Payable on or About December 5, 2014; Announces Unaudited Consolidated Earnings and Operating Results for the Third Quarter and Nine Months Ended September 30, 2014

Safe Bulkers, Inc. announced unaudited consolidated earnings and operating results for the third quarter and nine months ended September 30, 2014. For the quarter, the company’s net revenue was $36,516,000 against $41,880,000 a year ago. Operating income was $3,214,000 against $15,445,000 a year ago. Net income was $1,478,000 against $11,595,000 a year ago. Net loss available to common shareholders was $2,072,000 or 0.02 per share against net income of $10,777,000 or $0.14 per share a year ago. Adjusted net income was $955,000 against $13,078,000 a year ago. Adjusted EBITDA was $13,902,000 against $24,841,000 a year ago. Adjusted loss per share was $0.03 against earnings per share of $0.16 a year ago. For the nine months, net revenue was $115,037,000 against $127,549,000 a year ago. Operating income was $23,103,000 against $58,968,000 a year ago. Net income was $14,782,000 against $52,239,000 a year ago. Net income available to common shareholders was $8,942,000 or 0.11 per share against $51,270,000 or $0.67 per share a year ago. Adjusted net income was $12,799,000 against $44,109,000 a year ago. Adjusted EBITDA was $51,305,000 against $78,854,000 a year ago. Adjusted earnings per share were $0.08 against $0.56 a year ago. For the quarter, the company reported fleet utilization of 99.1% compared to 99.3% a year ago. Average number of vessels in the period was 31.05 compared to 27.43 a year ago. Time charter equivalent rate was $10,736 compared to $15,264 a year ago. For the nine months, the company reported fleet utilization of 99.0% compared to 98.8% a year ago. Average number of vessels in the period was 30.64 compared to 26.14 a year ago. Time charter equivalent rate was $12,062 compared to $16,769 a year ago. The board of directors of company declared a cash dividend on the company's common stock of $0.04 per share payable on or about December 5, 2014 to shareholders of record at the close of trading of the company's common stock on the New York Stock Exchange on November 21, 2014.

 

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