Safe Bulkers, Inc. (NYSE: SB) announced its financial results for the third quarter of 2025. Alongside the earnings release, the company’s Board of Directors declared a quarterly cash dividend of $0.05 per common share, marking the 16th consecutive quarterly common dividend and underscoring its commitment to consistent capital returns even during periods of freight rate volatility. The company reported solid Q3 numbers with strong cost control, beating analyst’s consensus estimates. The company’s management emphasized that the company’s underlying fundamentals—particularly liquidity, leverage, and contracted revenue—remain strong and supportive of long-term shareholder returns. President and Director Dr. Loukas Barmparis highlighted during the earnings call a recovery in the dry bulk market compared to Q2, supported by improved spot rates. He noted that Capesize and Kamsarmax rates strengthened early in Q3, contributing to improved sentiment despite macro uncertainty, with miners active in both basins and stronger U.S.–China grain flows supporting Atlantic rates.