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Safe Bulkers, Inc. made $39 million last quarter and announced a cash dividend of $0.09 per share.

ResultsRead the original at globenewswire.com
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Safe Bulkers' profit and sales rose, and it lifted its dividend for a third straight quarter. Higher ship rates and favorable market conditions drove results, but stronger cash resources add support.

SB · Safe Bulkers, Inc.

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Higher ship rates helped drive the stronger results, and management said the company had strengthened its balance sheet and cash resources. The gains also reflect favorable dry bulk shipping conditions, so results could weaken if those conditions change.

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