🧾 What This Document Is

This is a Form 6-K, a report foreign companies file with the SEC to share important news with U.S. investors. This specific filing from April 2, 2026, contains a single, clear announcement: Safe Bulkers is paying its quarterly dividends to holders of two types of its preferred stock.

🏢 What The Company Does

👉 In simple terms, Safe Bulkers is a shipping company. It owns and operates a fleet of large bulk carrier ships that transport raw materials like grain, coal, and iron ore across the world's oceans for major global clients.

💰 Financial Highlights: The Dividend Announcement

The company's Board declared two separate but identical cash dividends:

• What: $0.50 per share
• For: Its 8.00% Series C and 8.00% Series D Cumulative Redeemable Perpetual Preferred Shares.
• Payment Date: April 30, 2026.
• Record Date: Shareholders must own the shares by April 17, 2026, to receive the payment.

👉 Why it matters: This is a regular, scheduled payment to the company's preferred shareholders. The "8.00%" in the share name is the annual dividend rate, and $0.50 per share quarterly adds up to that annual target.

🚀 Key Moves: The Dividend Declaration

The key action here is the Board's declaration of the dividend. This isn't a new strategy, but rather the company executing its regular obligation (or policy) to reward its preferred stock investors with their scheduled payout.

👉 Why it matters: For holders of these preferred shares, this is the "payday" announcement they expect each quarter. It confirms the company's current financial ability to make these payments.

💸 Cash Flow Story & Obligations

The filing carefully notes that future dividends are not guaranteed. Their continuation depends on several factors:

• The company's earnings and cash needs.
• Growth and debt strategies.
• Laws in the Marshall Islands and Liberia (where it's incorporated).
• Restrictions in its loan agreements.

👉 Why it matters: While this payment is confirmed, preferred shareholders are essentially lending money to the company in exchange for fixed payments. This language reminds everyone that those payments can be paused if the company's financial health or strategic priorities change.

🔮 What's Next

The next key date is April 30, 2026, when the cash will be sent to shareholders. After that, the company will evaluate its financial position again in July to decide on the next quarterly dividend. The filing provides no new guidance on business operations or future strategy beyond this dividend cycle.

⚖️ Big Picture: Strengths & Risks

• 👍 Strength: The company is fulfilling its predictable income promise to a specific class of investors, which supports its reputation and access to capital.
• ⚠️ Risk: The business is tied to the volatile global shipping industry. A downturn in demand for commodities or oversupply of ships could hurt earnings, potentially jeopardizing future dividends and the company's financial health.

🧠 The Analogy

Think of Safe Bulkers as a landlord for global trade. The company owns the "apartment buildings" (its ships) and leases them out to tenants (cargo shippers). The preferred shareholders are like special lenders to the landlord; they don't own the buildings, but they get a fixed, priority monthly rent payment ($0.50 per share) before the common shareholders get anything. This filing is the landlord saying, "Rent is paid this month, as promised."

📇 Key Contacts & People

Company Contact: Dr. Loukas Barmparis President Safe Bulkers, Inc. Tel.: +30 2 111 888 400 / +357 25 887 200 E-Mail: [email protected]

Investor Relations / Media Contact: Nicolas Bornozis, President Capital Link, Inc. 230 Park Avenue, Suite 1536 New York, N.Y. 10169 Tel.: (212) 661-7566 Fax: (212) 661-7526 E-Mail: [email protected]

🧩 Final Takeaway

Safe Bulkers declared its standard quarterly dividend of $0.50 per share for its Series C and D preferred shareholders, to be paid on April 30, 2026. While this is good news for those investors, the company emphasized that future dividends are discretionary and depend on its ongoing financial performance and strategic decisions.