Safe Bulkers, Inc., an international provider of marine drybulk transportation services, announced its unaudited financial results for the three and six month periods ended June 30, 2024.

The Board of Directors of the Company also declared a cash dividend of $0.05 per share of outstanding common stock.

Management Commentary

Dr. Loukas Barmparis, President of the Company, said: "Key developments of the second quarter, include the stronger market compared to the previous year, the implementation of our new integrated management system in compliance with DryBMS standards, the order of two additional Phase 3 newbuilds consistent with our fleet renewal strategy, and the issuance of our 2023 sustainability report detailing our ESG practices and our vision for the future. Our strong liquidity and comfortable leverage enable us to be flexible with our capital allocation, remain focused on long-term value creation and at the same time reward our shareholders with a dividend of five cents per share of common stock."

Full report: Safe Bulkers, Inc.