Safe Bulkers, Inc. reported unaudited first quarter 2026 financial results for the period ended March 31, 2026, featuring net income of $22.2 million compared to $7.2 million in the prior-year period. Net revenues rose 16% to $74.4 million, driven by higher charter hires and scrubber-fitted vessel earnings. The company's average time charter equivalent rate increased to $17,095 from $14,655 in Q1 2025. Additionally, the Board declared a cash dividend of $0.06 per share of common stock, payable on July 16, 2026, to shareholders of record as of June 30, 2026. The company also noted its recent dual-listing on Euronext Athens to diversify its European shareholder base. Safe Bulkers, Inc. is an international provider of marine drybulk transportation services.
