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Safe Bulkers, Inc. Reports Fourth Quarter and Full Year 2010 Results and Declares Quarterly Dividend
Athens, Greece – February 9, 2011 -- Safe Bulkers, Inc. (the “Company”) (NYSE: SB), an
international provider of marine drybulk transportation services, announced today its
unaudited financial results for the fourth quarter and the year ended December 31, 2010.
The Company also declared a quarterly dividend of $0.15 per share for the fourth quarter of 2010.
Summary of Fourth Quarter 2010 Results
• Net revenue for the fourth quarter of 2010 increased by 13% to $41.3 million from $36.6 million during the same period in 2009.
• Net income for the fourth quarter of 2010 increased by 34% to $31.1 million from $23.2 million during the same period in 2009.
• EBITDA1 for the fourth quarter of 2010 increased by 33% to $37.9 million from $28.4 million during the same period in 2009.
• Earnings per share for the fourth quarter of 2010 of $0.47, calculated on a weighted average number of shares of 65,878,212, compared to $0.42 in the fourth quarter 2009, calculated on a weighted average number of shares of 54,513,787.
• Declaration of a dividend of $0.15 per share for the fourth quarter of 2010.
-more here:
http://www.safebulkers.com/sbpr020911.pdf
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http://www.safebulkers.com/
Safe Bulkers, Inc. Reports Fourth Quarter and Full Year 2010 Results and Declares Quarterly Dividend
Athens, Greece – February 9, 2011 -- Safe Bulkers, Inc. (the “Company”) (NYSE: SB), an
international provider of marine drybulk transportation services, announced today its
unaudited financial results for the fourth quarter and the year ended December 31, 2010.
The Company also declared a quarterly dividend of $0.15 per share for the fourth quarter of 2010.
Summary of Fourth Quarter 2010 Results
• Net revenue for the fourth quarter of 2010 increased by 13% to $41.3 million from $36.6 million during the same period in 2009.
• Net income for the fourth quarter of 2010 increased by 34% to $31.1 million from $23.2 million during the same period in 2009.
• EBITDA1 for the fourth quarter of 2010 increased by 33% to $37.9 million from $28.4 million during the same period in 2009.
• Earnings per share for the fourth quarter of 2010 of $0.47, calculated on a weighted average number of shares of 65,878,212, compared to $0.42 in the fourth quarter 2009, calculated on a weighted average number of shares of 54,513,787.
• Declaration of a dividend of $0.15 per share for the fourth quarter of 2010.
-more here:
http://www.safebulkers.com/sbpr020911.pdf
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http://www.safebulkers.com/
