Safe Bulkers ($SB) Q1 Earnings Top Estimates; Revenues Climb

Safe Bulkers (NYSE: SB) delivered upbeat first quarter financial results on Wednesday, with growth across key metrics helping the company outperform analyst projections.

The firm posted adjusted earnings of $0.18 per share for the latest quarter, improving from earnings of $0.05 per share reported during the same period last year and coming in above analyst expectations of earnings of $0.11 per share.

For the reported quarter, The organization generated revenue of $74.39 million, improving from $64.35 million reported a year earlier and coming in ahead of analyst expectations of $65.50 million.

Dr. Loukas Barmparis, President of the Company, commented, “The increase of dividend to 6 cents per common share, and the opportunity to access European investors through the parallel listing in Euronext Athens, a platform of eight stock exchanges in Europe, are the two highlights of the previous period.”

The Board of the Company declared a cash dividend on the Company’s common stock of $0.06 per share which is payable on July 16, 2026, to the shareholders of record at the close of trading on June 30, 2026.