Safe Bulkers Series C Cumulative Redeemable Perpetual Preferred Shares Goes Ex-Dividend Soon

On 10/22/14, Safe Bulkers Inc's 8.00% Series C Cumulative Redeemable Perpetual Preferred Shares (NYSE: SB.PRC) will trade ex-dividend, for its quarterly dividend of $0.50, payable on 10/30/14. As a percentage of SB.PRC's recent share price of $23.81, this dividend works out to approximately 2.10%, so look for shares of SB.PRC to trade 2.10% lower — all else being equal — when SB.PRC shares open for trading on 10/22/14. On an annualized basis, the current yield is approximately 8.36%, which c...