Safe Bulkers, Inc.
SBIndustrials · Stock · quarterly payer
Forward Yield
3.80%
Annual Dividend
$0.24
Payout Ratio
44%
5-Yr Growth
—
Ex-Date
Jun 30, 2026
Frequency
Quarterly
Summary
As of July 2026, Safe Bulkers, Inc. (SB) yields 3.80% ($0.24 per share annually), with a blended fair-value estimate of $3.86 — -40% downside, so it screens as overvalued. Dividend safety grade: B (66/100).
Is SB a good dividend stock?
Yes, with caveatsSafe Bulkers, Inc. (SB) pays a quarterly dividend yielding 3.80% ($0.24/yr), with 0 years of growth and a dividend-safety grade of B. It's a solid income payer, but check the caveats below before buying.
Advantages
- Comfortable payout ratio (44%)
- 91% total price return over 5 years
Risks
- Cut its dividend in 2015
Key Data
- Dividend Yield
- 3.80%
- Payout Ratio
- 44%
- Annual Dividend
- $0.24
- 5-Yr Avg Growth
- —
- Ex-Dividend Date
- Jun 30, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- 0.85
- Market Cap
- $642.5M
- P/E Ratio
- 14.0
- 5-Yr Total Return
- 91%
- 52-Week Range
- $3.56 – $7.38
- Dividend Safety
- B · 66/100
- Ever Cut?
- Yes (2015)
Frequently Asked Questions
SB Price — Last 12 Months
Daily close
Price Return
1 Year
+63%
3 Years
+92%
5 Years
+91%
52-Week Range
$3.56 – $7.38
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is SB worth?
Overvaluedhigh confidenceOur blended fair-value estimate for Safe Bulkers, Inc. is $3.86 per share, versus a market price of $6.39. That implies 40% of downside.
Fair Value
$3.86
Current Price
$6.39
Downside
-40%
Margin of Safety
-66%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -0.1% annual free-cash-flow growth. We model -5.0% — so the price already assumes faster growth than we think is likely.
Assumptions: 8.5% discount rate (CAPM), -5.0% stage-1 growth, 2.5% terminal growth, $0.45 EPS, $0.24 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
SB Dividend Safety Score
Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 30, 2026 | — | $0.0600 | regular |
| Mar 2, 2026 | — | $0.0500 | regular |
| Aug 21, 2025 | — | $0.0500 | regular |
| Jun 6, 2025 | — | $0.0500 | regular |
| Mar 3, 2025 | — | $0.0500 | regular |
| Dec 2, 2024 | — | $0.0500 | regular |
| Aug 21, 2024 | — | $0.0500 | regular |
| May 16, 2024 | — | $0.0500 | regular |
| Feb 29, 2024 | — | $0.0500 | regular |
| Nov 24, 2023 | — | $0.0500 | regular |
| Aug 17, 2023 | — | $0.0500 | regular |
| May 25, 2023 | — | $0.0500 | regular |
| Feb 28, 2023 | — | $0.0500 | regular |
| Nov 25, 2022 | — | $0.0500 | regular |
Income Calculator
At $0.24 / yr per share
