SmarterDividends
SB

Safe Bulkers (SB) Dividend

Safe Bulkers, Inc. · Industrials · Marine Shipping · quarterly payer

$7.11

Overvalued · -49% Add to Portfolio

As of Nov 8, 2026, Safe Bulkers (SB) pays a quarterly dividend of $0.0750 per share, or $0.30 a year, a 4.22% yield at its $7.11 share price. It pays every quarter, usually in March, July, August and September. It has a dividend safety grade of B.

Forward Yield

4.22%

Annual Dividend

$0.30

Payout Ratio

27%

5-Yr Growth

—

Ex-Date

Aug 13, 2026

Frequency

Quarterly

Key facts about SB's dividend

Data as of · Source: SmarterDividends data

  • As of Nov 8, 2026, Safe Bulkers, Inc. (SB) has a forward dividend yield of 4.22%, based on an annual dividend of $0.30 per share and a share price of $7.11.
  • As of Nov 8, 2026, SB's dividend safety grade from SmarterDividends is B (70 out of 100), which rates the dividend as safe.
  • SB last cut its regular dividend in 2015.
  • SB's most recent ex-dividend date was Aug 13, 2026, for a dividend of $0.0750 per share.
  • As of Nov 8, 2026, SB pays out 27% of its trailing 12-month earnings as dividends (its payout ratio).
  • As of Nov 8, 2026, SB's 4.22% yield is 12% below its five-year average yield of 4.81%.
  • As of Nov 8, 2026, SmarterDividends' blended fair-value estimate for SB is $3.65 per share, 49% below the $7.11 share price, so SB screens as overvalued.
  • Safe Bulkers, Inc. (SB) pays its dividend quarterly, 4 times a year.
  • Safe Bulkers, Inc. (SB) has raised its regular dividend 4 times and cut it 4 times across the 47 payments on record since 2008. Its most recent change was a 25.0% increase to $0.0750 per share, going ex-dividend on Aug 13, 2026. The last cut went ex-dividend on Jun 17, 2015.
Cite this page

SmarterDividends, "SB Dividend: Yield, Safety Grade & Next Ex-Date," updated Nov 8, 2026, https://smarterdividends.com/stocks/SB

Is SB a good dividend stock?

Yes, with caveats

Safe Bulkers, Inc. (SB) pays a quarterly dividend yielding 4.22% ($0.30/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 (27%)
  • 96% total price return over 5 years

Risks

  • Cut its dividend in 2015

Key Data

Dividend Yield
4.22%
Payout Ratio
27%
Annual Dividend
$0.30
5-Yr Avg Growth
—
Ex-Dividend Date
Aug 13, 2026
Years of Growth
0
Frequency
quarterly
Beta
—
Market Cap
$809.4M
P/E Ratio
9.2
5-Yr Total Return
96%
52-Week Range
$4.66 – $9.31
Dividend Safety
B · 70/100
Ever Cut?
Yes (2015)

SB dividend raises and cuts

Safe Bulkers, Inc. (SB) has raised its regular dividend 4 times and cut it 4 times across the 47 payments on record since 2008. Its most recent change was a 25.0% increase to $0.0750 per share, going ex-dividend on Aug 13, 2026. The last cut went ex-dividend on Jun 17, 2015.

Ex-dateChangeOld → newMove
Aug 13, 2026Raise$0.0600 → $0.0750+25.0%
Jun 30, 2026Raise$0.0500 → $0.0600+20.0%
Jun 17, 2015Cut$0.0200 → $0.0100−50.0%
Mar 6, 2015Cut$0.0400 → $0.0200−50.0%
Nov 19, 2014Cut$0.0600 → $0.0400−33.3%
Nov 20, 2013Raise$0.0500 → $0.0600+20.0%
Nov 21, 2012Cut$0.150 → $0.0500−66.7%
Feb 18, 2009Raise$0.146 → $0.150+2.7%
Every SB payment →Download every raise and cut (CSV)
SB ex-dividend date & scheduleNext ex-date Aug 13, 2026 · full ex-dividend historyView →SB dividend historyEvery payment, totals by year, raises and cutsView →SB dividend calculator100 shares pay $30.00 a year, $7.50 each quarterCalculate →SB total return calculatorWhat $10,000 became, with dividends reinvested or taken as cashSee →

Frequently Asked Questions

Is SB a good dividend stock?

Yes, with caveats. Safe Bulkers, Inc. (SB) pays a quarterly dividend yielding 4.22% ($0.30/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.

Is SB undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, SB's fair value is about $3.65 versus a $7.11 share price — so it looks overvalued (-49% vs. fair value).

Is SB's dividend safe?

SB has a dividend-safety grade of B (70/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2015, debt and yield-versus-history.

What is SB's fair value?

Our blended fair-value estimate for SB is about $3.65 per share, about 49% below the current $7.11 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is SB a buy, hold, or sell?

We don't issue formal ratings, but on the data SB screens as "yes, with caveats" and overvalued. Safe Bulkers, Inc. (SB) pays a quarterly dividend yielding 4.22% ($0.30/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. This is research for your own analysis, not investment advice.

Will SB cut its dividend?

SB earns a dividend-safety grade of B (70/100), and has cut its dividend before (last in 2015). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does SB pay a dividend?

Yes. Safe Bulkers, Inc. pays a quarterly dividend of about $0.30 per share annually, a forward yield of roughly 4.22%.

How much dividend does 100 shares of SB pay?

At $0.30 per share a year, 100 shares of SB pay $30.00 a year in dividends before tax, about $7.50 each quarter. Buying them costs about $711 at the Nov 8, 2026 price.

What is SB's dividend yield?

As of Nov 8, 2026, SB's forward dividend yield is 4.22%, based on a $0.30 annual dividend and a $7.11 share price.

What is SB's dividend per share?

As of Nov 8, 2026, SB pays $0.30 per share per year, distributed on a quarterly basis.

What is SB's dividend payout ratio?

As of Nov 8, 2026, SB's payout ratio is 27% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has SB grown its dividend?

SB does not currently have a long dividend-growth streak on record.

When is the next SB ex-dividend date?

As of Nov 8, 2026, SB's next ex-dividend date hasn't been announced. The most recent was Aug 13, 2026, for $0.0750 per share.

SB Dividend News

SB
IncreaseSB·Aug 26, 2026

Safe Bulkers Raises Quarterly Dividend 25% to $0.075

Safe Bulkers increased its quarterly dividend to $0.075 per share, giving the dry-bulk carrier a 3.47% forward annual yield.

SB
IncreaseSB·Jul 1, 2026

Safe Bulkers Raises Quarterly Dividend to 6 Cents a Share

Safe Bulkers increased its quarterly dividend to $0.06 per share, lifting the annualized payout to $0.24 and its forward yield to 3.8%.

Income Calculator

At $0.30 / yr per share

Per payment (quarterly)$7.50
Annual$30.00
Monthly avg$2.50
Full SB dividend calculator →

Similar Dividend Stocks

GEGEGE Aerospace0.58%IndustrialsRTXRTXRTX Corporation1.54%32 yrCATCATCaterpillar Inc.1.17%32 yrCTATCTATFContemporary Amperex Technology Co., Limited0.42%Industrials

Compare SB

SB vs GESB vs RTXSB vs CATSB vs CTATF

Explore more

Lists and tools related to SB