Safe Bulkers, Inc.
SB-PDIndustrials · Marine Shipping · Stock · quarterly payer
Forward Yield
7.84%
Annual Dividend
$2.00
Payout Ratio
—
5-Yr Growth
0.0%
Ex-Date
Oct 16, 2026
Frequency
Quarterly
Key facts about SB-PD's dividend
Data as of · Source: SmarterDividends data
- As of Oct 27, 2026, Safe Bulkers, Inc. (SB-PD) has a forward dividend yield of 7.84%, based on an annual dividend of $2.00 per share and a share price of $25.50.
- As of Oct 27, 2026, SB-PD's dividend safety grade from SmarterDividends is A (88 out of 100), which rates the dividend as very safe.
- SB-PD has never cut its regular dividend in the payment history SmarterDividends has on record.
- SB-PD's most recent ex-dividend date was Oct 16, 2026, for a dividend of $0.50 per share.
- SB-PD's dividend has been roughly flat over the past five years.
- As of Oct 27, 2026, SmarterDividends' blended fair-value estimate for SB-PD is $19.62 per share, 23% below the $25.50 share price, so SB-PD screens as overvalued.
- Safe Bulkers, Inc. (SB-PD) pays its dividend quarterly, 4 times a year.
- Safe Bulkers, Inc. (SB-PD) has raised its regular dividend 0 times and cut it 0 times across the 49 payments on record since 2014. The regular dividend has not changed in that time.
Cite this page
SmarterDividends, "SB-PD Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 27, 2026, https://smarterdividends.com/stocks/SB-PD
Summary
As of Oct 27, 2026, Safe Bulkers, Inc. (SB-PD) yields 7.84% ($2.00 a year per share) and has a dividend safety grade of A (88/100).
Is SB-PD a good dividend stock?
YesSafe Bulkers, Inc. (SB-PD) pays a quarterly dividend yielding 7.84% ($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
- 7.84%
- Payout Ratio
- —
- Annual Dividend
- $2.00
- 5-Yr Avg Growth
- 0.0%
- Ex-Dividend Date
- Oct 16, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- —
- Market Cap
- —
- P/E Ratio
- 16.9
- 5-Yr Total Return
- 1%
- 52-Week Range
- $25.10 – $27.29
- Dividend Safety
- A · 88/100
- Ever Cut?
- No
SB-PD dividend raises and cuts
Safe Bulkers, Inc. (SB-PD) has raised its regular dividend 0 times and cut it 0 times across the 49 payments on record since 2014. The regular dividend has not changed in that time.
Frequently Asked Questions
Is SB-PD a good dividend stock?
Yes. Safe Bulkers, Inc. (SB-PD) pays a quarterly dividend yielding 7.84% ($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.
Is SB-PD undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, SB-PD's fair value is about $19.62 versus a $25.50 share price — so it looks overvalued (-23% vs. fair value).
Is SB-PD's dividend safe?
SB-PD has a dividend-safety grade of A (88/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a clean no-cut history, debt and yield-versus-history.
What is SB-PD's fair value?
Our blended fair-value estimate for SB-PD is about $19.62 per share, about 23% below the current $25.50 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is SB-PD a buy, hold, or sell?
We don't issue formal ratings, but on the data SB-PD screens as "yes" and overvalued. Safe Bulkers, Inc. (SB-PD) pays a quarterly dividend yielding 7.84% ($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. This is research for your own analysis, not investment advice.
Will SB-PD cut its dividend?
SB-PD earns a dividend-safety grade of A (88/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does SB-PD pay a dividend?
Yes. Safe Bulkers, Inc. pays a quarterly dividend of about $2.00 per share annually, a forward yield of roughly 7.84%.
What is SB-PD's dividend yield?
As of Oct 27, 2026, SB-PD's forward dividend yield is 7.84%, based on a $2.00 annual dividend and a $25.50 share price.
What is SB-PD's dividend per share?
As of Oct 27, 2026, SB-PD pays $2.00 per share per year, distributed on a quarterly basis.
How many years has SB-PD grown its dividend?
SB-PD does not currently have a long dividend-growth streak on record.
When is the next SB-PD ex-dividend date?
As of Oct 27, 2026, SB-PD's next ex-dividend date hasn't been announced. The most recent was Oct 16, 2026, for $0.50 per share.
SB-PD Price — Last 12 Months
Daily close
Price Return
1 Year
-2%
3 Years
+3%
5 Years
+1%
52-Week Range
$25.10 – $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 $19.62 per share, versus a market price of $25.50. That implies 23% of downside.
Fair Value
$19.62
Current Price
$25.50
Downside
-23%
Margin of Safety
-30%
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 22.0% annual free-cash-flow growth. We model 0.0% — so the price already assumes faster growth than we think is likely.
Assumptions: 9.3% discount rate (CAPM), 0.0% growth for five years fading to 2.5% over the next five, $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
Full SB-PD dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Oct 16, 2026 | Oct 30, 2026 | $0.5000 | regular |
| Jul 17, 2026 | Jul 30, 2026 | $0.5000 | regular |
| Apr 17, 2026 | Apr 30, 2026 | $0.5000 | regular |
| Jan 16, 2026 | Jan 30, 2026 | $0.5000 | regular |
| Oct 16, 2025 | Oct 30, 2025 | $0.5000 | regular |
| Jul 18, 2025 | Jul 30, 2025 | $0.5000 | regular |
| Apr 17, 2025 | Apr 30, 2025 | $0.5000 | regular |
| Jan 17, 2025 | Jan 30, 2025 | $0.5000 | regular |
| Oct 18, 2024 | Oct 30, 2024 | $0.5000 | regular |
| Jul 19, 2024 | Jul 30, 2024 | $0.5000 | regular |
| Apr 17, 2024 | Apr 30, 2024 | $0.5000 | regular |
| Jan 18, 2024 | Jan 30, 2024 | $0.5000 | regular |
| Oct 17, 2023 | Oct 30, 2023 | $0.5000 | regular |
| Jul 19, 2023 | Jul 31, 2023 | $0.5000 | regular |
Income Calculator
At $2.00 / yr per share
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