Safe Bulkers ( (SB) ) has issued an announcement.
On February 24, 2025, Safe Bulkers, Inc. announced a new stock repurchase program authorizing the purchase of up to 3,000,000 shares of its common stock. This initiative represents approximately 2.8% of the company’s outstanding shares and 5.4% of its public float. The repurchase program, which supersedes any prior programs, will be conducted in compliance with applicable laws and regulations and funded through existing cash resources. The move is expected to impact the company’s market positioning by potentially increasing shareholder value.
More about Safe Bulkers
Safe Bulkers, Inc. is an international provider of marine drybulk transportation services, specializing in the transportation of bulk cargoes such as coal, grain, and iron ore. The company operates worldwide shipping routes and its stocks, including common stock and preferred stock, are listed on the NYSE under the symbols SB, SB.PR.C, and SB.PR.D.
YTD Price Performance: 2.73%
Average Trading Volume: 707,472
Technical Sentiment Consensus Rating: Hold
Current Market Cap: $395.9M
Learn more about SB stock on TipRanks’ Stock Analysis page.