Safe Bulkers (SB) has released an update.
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Safe Bulkers, Inc. has announced a new stock repurchase program allowing the company to buy back up to five million shares, representing approximately 4.7% of its outstanding stock. This move, aimed at enhancing shareholder value, will be financed through existing cash resources and conducted in compliance with market regulations. The program can be modified or terminated at any time, reflecting strategic flexibility in navigating market conditions.
For further insights into SB stock, check out TipRanks’ Stock Analysis page.