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Safe Bulkers Inc Preferred D Series Value Analysis (NYSE:SBPRD)
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Safe Bulkers Inc Preferred D Series Value Analysis (NYSE:SBPRD)
A new value analysis of the Safe Bulkers Inc Preferred Series D Stock (NYSE:SBPRD), a security listed on the New York Stock Exchange, has been added to our research pages. Safe Bulkers, through its subsidiaries, provides marine drybulk transportation services. SB specialises in transporting bulk cargoes, particularly coal, grain and iron ore.
The Company’s operational fleet is 37 drybulk vessels, with an average age of 6.24 years and an aggregate carrying capacity of 3.3 million dwt. The fleet consists of 14 Panamax class vessels, 8 Kamsarmax class vessels, 12 Post-Panamax class vessels and 3 Capesize class vessels, all built since 2003.
The preferred stock is of particular interest to income investors as the current yield is around 13%. I have analysed the common and preferred D stocks of Safe Bulkers previously in 2015. The premise of the investment case for value investors is roughly the same, but some of the data are different.
Purchase the value analysis of Safe Bulkers Preferred D Stock
To find out the exactly why a value investor should consider an investment in Safe Bulkers preferred stock click ‘Add to basket’. Then follow the instructions to download the analysis.
