Safe Bulkers, Inc. Announces a Three Million Shares of Common Stock Repurchase Program

MONACO, Feb. 24, 2025 (GLOBE NEWSWIRE) -- Safe Bulkers, Inc. (the “Company” or “Safe Bulkers”) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that it has authorized a program under which it may from time to time in the future purchase up to 3,000,000 shares of the Company’s common stock. If the maximum number of shares of the Company’s common stock are purchased pursuant to the aforementioned program, it would represent approximately 2.8% of the shares of the Company’s common stock outstanding and 5.4% of its public float. The program supersedes any prior repurchase program of the Company.