Safe Bulkers to Pay Dividend of $0.05 per Share on December 19th

Safe Bulkers, Inc. (NYSE:SB) announced a $0.05 dividend per share, with an annual payment of 3.8% of the current stock price, which is lower than the industry average. However, the company's earnings easily covered the dividend, and over the next year, EPS is forecast to expand by 162.0%. The payout ratio could be 23% by next year, which is considered sustainable. Despite the low dividend yield, the company's dividend has been cut in the past, and it may struggle to sustain payments due to a lack of cash flows.