Safe Bulkers pays investors as Kypros Island hits the water

Maritime company Safe Bulkers has approved a new quarterly dividend for holders of its Series C and Series D preferred shares, while also moving ahead with its fleet renewal and Environmental, Social, and Governance (ESG) plans.

The board of directors of the New York-listed dry-bulk shipping company declared a cash dividend of $0.50 per share on its 8 per cent Series C Cumulative Redeemable Perpetual Preferred Shares and 8 per cent Series D Cumulative Redeemable Perpetual Preferred Shares....