Safe Bulkers, Inc.
SB-PDIndustrials · Stock · quarterly payer
Forward Yield
7.78%
Annual Dividend
$2.00
Payout Ratio
—
5-Yr Growth
0.0%
Ex-Date
Jul 17, 2026
Frequency
Quarterly
Summary
As of July 2026, Safe Bulkers, Inc. (SB-PD) yields 7.78% ($2.00 per share annually), with a blended fair-value estimate of $20.53 — -20% downside, so it screens as overvalued. Dividend safety grade: A (86/100).
Is SB-PD a good dividend stock?
YesSafe Bulkers, Inc. (SB-PD) pays a quarterly dividend yielding 7.78% ($2.00/yr), with 0 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Never cut its dividend on record
- Top-tier dividend safety score
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 7.78%
- Payout Ratio
- —
- Annual Dividend
- $2.00
- 5-Yr Avg Growth
- 0.0%
- Ex-Dividend Date
- Jul 17, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- 0.85
- Market Cap
- —
- P/E Ratio
- 17.0
- 5-Yr Total Return
- 2%
- 52-Week Range
- $25.03 – $27.29
- Dividend Safety
- A · 86/100
- Ever Cut?
- No
Frequently Asked Questions
SB-PD Price — Last 12 Months
Daily close
Price Return
1 Year
-1%
3 Years
+3%
5 Years
+2%
52-Week Range
$25.03 – $27.29
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is SB-PD worth?
Overvaluedmedium confidenceOur blended fair-value estimate for Safe Bulkers, Inc. is $20.53 per share, versus a market price of $25.71. That implies 20% of downside.
Fair Value
$20.53
Current Price
$25.71
Downside
-20%
Margin of Safety
-25%
How we get there
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 40.0% 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, $1.51 EPS, $2.00 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
SB-PD Dividend Safety Score
Very 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 |
|---|---|---|---|
| Jul 17, 2026 | — | $0.5000 | regular |
| Apr 17, 2026 | — | $0.5000 | regular |
| Jan 16, 2026 | — | $0.5000 | regular |
| Oct 16, 2025 | — | $0.5000 | regular |
| Jul 18, 2025 | — | $0.5000 | regular |
| Apr 17, 2025 | — | $0.5000 | regular |
| Jan 17, 2025 | — | $0.5000 | regular |
| Oct 18, 2024 | — | $0.5000 | regular |
| Jul 19, 2024 | — | $0.5000 | regular |
| Apr 17, 2024 | — | $0.5000 | regular |
| Jan 18, 2024 | — | $0.5000 | regular |
| Oct 17, 2023 | — | $0.5000 | regular |
| Jul 19, 2023 | — | $0.5000 | regular |
| Apr 19, 2023 | — | $0.5000 | regular |
Income Calculator
At $2.00 / yr per share
