Safe Bulkers
Safe Bulkers (SB) closed at €7.295 on 26/10/2026, +0.07% on the day. Market cap €830.4m, dividend yield 2.20%.
Announcements to the exchange
- 08/10/2026 17:43Announcement on listing of new shares
Before its Athens listing on 2 Jun 2026, the chart shows NYSE closing prices in dollars, converted to euros at each day's exchange rate. No volume is shown for those days.
Key statistics
FY2025 unless a figure says otherwise
Profile
At the 26 Oct close- Market value
- €830.4m
- Shares outstandingOct 2026
- 113.8m
- RevenueFY2025
- 275.7mUSD
- Employees
- 10
- Traded a day, 3-month average
- €472k
Valuation
- Dividend yield
- 2.2%
Margins
FY2025- EBITDA
- 45.8%
- Net
- 14.0%
Net margin = the shareholders' profit ÷ group revenue.
Financial health
Dec 2025- Net debt
- 377.3mUSD
- Net debt ÷ EBITDA
- 3.0×
Growth
- Revenue, last yearFY2025
- −10.4%
- Revenue, 3 yearsFY2022–25, a year
- −7.6%
Dividends
FY2025- Yield, last 12 months
- 2.2%
- Per share
- 0.200USD
- Years paid, last fiveFY2021–25
- 4
Trading and risk
From our closes, dividends reinvested- Volatility, 1 year
- 40.5%
- Deepest fall, 1 year / 5 years
- −17.9% / −17.9%
Where the figures come from: the company's reports, reviewed by us · annual accounts filed in ESEF format · results announcements on the exchange · our own closing prices. No forecasts or target prices are stored.
Financial charts
From the stored figures: the reviewed dossier first, then the annual reports (ESEF) and results announcements
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Valuation
2 companies| Metric | SB | Peer median | Peer range |
|---|---|---|---|
| Dividend yield | 2.2% | 3.1% | 0.0% 6.2% |
| Net margin | 14.0% | — | |
| Revenue growth (last full year) | −10.4% | — | |
| Net debt | €377.3m | — |
Peers: Dry-bulk shipping
The company
AI-draftedSafe Bulkers is a dry-bulk shipowner incorporated in the Marshall Islands and run from Monaco, controlled by chairman and chief executive Polys Hajioannou. It charters 46 Panamax-to-Capesize ships to commodity traders and shipping groups for daily hire. Its common stock is primarily listed on the NYSE and, since June 2026, the same shares also trade on Euronext Athens.
- Not a Greek company: it is incorporated in the Marshall Islands, with its head office in Monaco.1
- Not a depositary receipt or a separate class: Athens trades the same NYSE-listed shares, with the same ISIN, in euros.3
- Not new to the Athens market: its €100m 2.95% bond, due February 2027, has been listed there since 2022.1
- Sep 2026Placed 12 million new shares at €6.70 for €80.4m gross; they began trading in Athens on 14 September.6,8
- Sep 2026The annual meeting elected Vasilis Hajioannou, Konstantinos Adamopoulos and Kristin Holth; Frank Sica retired and Jeffrey Bunzel chairs the audit committee.5,4
- Jul 2026Quarterly common dividend raised to $0.075 a share, from $0.06 in June and $0.05 before.2
- Jun 2026All common shares began parallel trading on Euronext Athens' Main Market; the NYSE remains the primary listing.3,7
- Jun 2026Ordered further Japanese Kamsarmax newbuilds in May and June and a Capesize under finance lease, taking the orderbook to ten ships for 2026–2029.2
- Mar 2026The US–Iran conflict disrupted shipping through the Strait of Hormuz and spiked fuel prices; the company flags cost and trade risks.2
- Common stock primarily listed on the NYSE since 2008; the same shares have traded on Euronext Athens' Main Market since 2 June 2026 (ISIN MHY7388L1039).1,3,10
- Raised €80.4m in September 2026 by placing 12 million new shares at €6.70; 113,833,473 common shares are now in issue.6,8,11
- H1 2026: net revenues of $161.9m and net income of $57.4m, against $130.1m and $8.9m a year earlier.2
- Quarterly dividend paid in US dollars, raised to $0.075 a share for Q2 2026; Greek-resident individuals pay 5% Greek tax on it.2,3
- Debt of $519.2m at 30 June 2026 includes a €100m 2.95% bond due February 2027; nine of its ten newbuilds on order still need $277.2m.2
- 1.2025 Annual Report (Form 20-F)Safe Bulkers, Inc. · 04/03/2026official
- 2.Q2 and six-month 2026 results and dividend declarationSafe Bulkers, Inc. · 28/07/2026official
- 3.Prospectus for the parallel listing on Euronext AthensSafe Bulkers, Inc. · 27/05/2026official
- 4.2026 Proxy StatementSafe Bulkers, Inc. · 27/07/2026official
- 5.Results of 2026 Annual MeetingSafe Bulkers, Inc. · 10/09/2026official
- 6.Completion and pricing of private placementSafe Bulkers, Inc. · 09/09/2026official
- 7.Common stock begins trading on Euronext Athens alongside the NYSESafe Bulkers, Inc. · 02/06/2026official
- 8.Form 6-K on admission of the new shares to Euronext AthensSafe Bulkers, Inc. via SEC EDGAR · 11/09/2026official
- 9.Schedule 13D/A, Polys Hajioannou and controlled entitiesSEC EDGAR · 11/09/2026official
- 10.FIRDS records, ISIN MHY7388L1039ESMA · 15/09/2026official
- 11.6-K Exhibit 3: total common voting rights after placementSafe Bulkers, Inc. via SEC EDGAR · 16/09/2026official