Safe Bulkers
Operates an international fleet carrying dry-bulk commodities under charter.
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Profile
Moves iron ore, coal, grain, and minor-bulk cargoes worldwide through a chartered fleet across four vessel size classes.
Owned and operated dry-bulk vessels move major bulks—iron ore, coal, and grain—and minor bulks such as bauxite, fertilizers, and steel products through international seaborne trade. Chartering a fleet across four vessel size classes is the company's single operating business. Its cargo capacity is marketed internationally.
Offices in Monaco, Greece, Cyprus, and Switzerland support a worldwide operating footprint. Fleet renewal centers on higher-efficiency and environmentally upgraded vessels designed to meet tightening emissions standards.
Operations depend on freight-market supply and demand, charterer demand, vessel availability, and access to financing rather than on a branded consumer-product portfolio.
Company facts
Categories
Key statistics
Year to date +76.5% · Average volume (30d) 749.4K
Analysts
Ratings
Target range
Latest analyst notes
| Date | Firm | Action | Prior rating | Rating |
|---|---|---|---|---|
| Jan 27, 2025 | DNB Markets | Upgrade | Hold | Buy |
Earnings
EPS
Revenue
History
| Report date | EPS est | EPS | Surprise | Revenue est | Revenue | Surprise | Next session |
|---|---|---|---|---|---|---|---|
| Jul 28, 2026Q2 FY26 | $0.22 | $0.28 | +30.2% | $77.5M | $87.5M | +12.9% | +1.47% |
| Jun 17, 2026Q1 FY26 | $0.11 | $0.18 | +71.4% | $65.5M | $74.4M | +13.6% | +3.88% |
| Feb 18, 2026Q4 FY25 | $0.14 | $0.14 | 0.0% | $70.0M | $75.9M | +8.5% | −2.12% |
| Nov 25, 2025Q3 FY25 | $0.19 | $0.12 | −35.1% | $73.1M | $73.1M | 0.0% | +9.82% |
Financial highlights
| 12 quarters | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | |
|---|---|---|---|---|---|---|---|
| Revenue | $64.3M | $65.7M | $73.1M | $72.6M | $74.4M | $87.5M | |
| Gross profit | $21.6M | $18.2M | $28.8M | $30.5M | $33.7M | $43.0M | |
| Operating income | $14.9M | $10.5M | $21.2M | $22.6M | $26.5M | $35.9M | |
| Net income | $7.2M | $1.7M | $17.8M | $11.8M | $22.2M | $35.2M | |
| Diluted EPS | $0.05 | −$0.00 | $0.15 | $0.10 | $0.20 | $0.33 | |
| Gross margin | 33.5% | 27.7% | 39.4% | 42.0% | 45.3% | 49.2% | |
| Operating margin | 23.2% | 16.0% | 29.1% | 31.1% | 35.6% | 41.1% |
Fiscal years (4-quarter sums)FY21 $329.0M · FY22 $349.7M · FY23 $284.4M · FY24 $307.6M · FY25 $275.7M
Balance sheet, Jun 30, 2026Cash & short-term investments $134.5M · Total debt $511.4M · Total assets $1.43B · Shareholders' equity $870.3M
Dividends
Raised for 3 straight years — most recently to $0.075 from $0.06 in Aug 2026. To collect a payout, hold shares through the close before the ex-date.
History
| Ex-date | Record | Paid | Amount | Note |
|---|---|---|---|---|
| Aug 13, 2026 | Aug 13 | Aug 26 | $0.075 | raised from $0.06 |
| Jun 30, 2026 | Jun 30 | Jul 16 | $0.06 | raised from $0.05 |
| Mar 2, 2026 | Mar 2 | Mar 18 | $0.05 | |
| Dec 8, 2025 | Dec 8 | Dec 19 | $0.05 | |
| Aug 21, 2025 | Aug 21 | Sep 5 | $0.05 | |
| Jun 6, 2025 | Jun 6 | Jun 20 | $0.05 | |
| Mar 3, 2025 | Mar 3 | Mar 21 | $0.05 | |
| Dec 2, 2024 | Dec 2 | Dec 17 | $0.05 |
Ownership
Shares outstanding 101.83M · Float 51.07M · 50.2% free float
Top shareholders13F · 13D/G · Form 4
| Holder | Shares | % outstanding | Form | Filed |
|---|---|---|---|---|
| Polys Hajioanno | 48.38M | 47.50% | 13D | May 18, 2026 |
| Polys Hajioannou · director, 10 percent owner, officer: Chief Executive Officer | 19.43M | 19.08% | Form 4 | Mar 18, 2026 |
| Goldman Sachs Group Inc | 4.04M | 3.97% | 13F | Aug 14, 2026 |
| BlackRock, Inc. | 3.56M | 3.49% | 13F | Aug 7, 2026 |
| Renaissance Technologies LLC | 2.81M | 2.76% | 13F | Aug 13, 2026 |
Insider tradesForm 4
Nothing filed in the last 12 months.
View detailsPeers
- Star Bulk Carriers
Global dry-bulk owner across major and minor bulk vessel classes
- CMB.TECH (ADR)
Diversified maritime group with former Golden Ocean dry-bulk scale
- Genco Shipping & Trading
Dry-bulk owner serving global major- and minor-bulk commodity routes
- Diana Shipping
Global dry-bulk owner and bareboat charterer across six vessel classes
CompareAfter-hours close
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Safe Bulkers | $8.52 | −0.06% | $867.6M | 11.0 | 14.2 | 2.8 | +33.0% |
| Star Bulk Carriers | $30.48 | +0.03% | $3.40B | 12.0 | 6.8 | 2.8 | +15.0% |
| CMB.TECH (ADR) | $18.35 | +0.05% | $5.32B | 6.3 | 11.4 | 2.4 | +78.0% |
| Genco Shipping & Trading | $25.88 | −0.02% | $1.13B | 28.6 | 12.2 | 2.6 | +14.0% |
| Diana Shipping | $2.76 | −0.90% | $343.4M | 5.7 | 8.0 | 1.6 | +4.8% |
| Median | 9.1 | 9.7 | 2.5 | +14.5% |