Safe Bulkers Inc. (SB) reported that its fourth-quarter net income increased to $23.164 million or $0.42 per share from $11.887 million or $0.22 per share last year.
On average, 6 analysts polled by Thomson Reuters expected the company to report profit of $0.45 per share for the quarter. Analysts' estimates typically exclude special items.
Net revenues decreased to $36.568 million from $46.638 million a year ago. Analysts expected revenue of $37.31 million for the quarter.
The company declared a cash dividend on its common stock of $0.15 per share payable on or about February 26, 2009 to shareholders of record at the close of trading of the company's common stock on the New York Stock Exchange on February 19, 2009.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.