Safe BulkersSB -5.31%64 Dividend Payout Ratio is 0.25 as of Mar. 2026, which is 24% below its 10-year median of 0.33. GuruFocus rates SB with a GF Score™ of 64/100 and a GF Value™ of $4.53 (Significantly Overvalued). The stock has 9 warning signs investors should review. Among 566 Transportation companies, Safe Bulkers ranks better than 53% on this metric.
The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Safe Bulkers's Dividend Payout Ratio for the
months ended in Mar. 2026 was 0.25.
The historical rank and industry rank for Safe Bulkers's Dividend Payout Ratio or its related term are showing as below:
SB'
s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.15 Med: 0.33 Max: 0.63
Current: 0.44
During the past 13 years, the highest Dividend Payout Ratio of Safe Bulkers was 0.63. The lowest was 0.15. And the median was 0.33.
SB's Dividend Payout Ratio is ranked better than 53% of 566
companies
in the Transportation industry
Industry Median: 0.45
vs SB: 0.44
The growth rate is calculated with least square regression.
For more information regarding to dividend, please check our Dividend Page.
* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.
Safe Bulkers (NYSE:SB) Dividend Payout Ratio Explanation
In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.
Safe Bulkers Dividend Payout Ratio Related Terms
Safe Bulkers Dividend Payout Ratio Historical Data
* Premium members only.
The historical data trend for Safe Bulkers's Dividend Payout Ratio can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
SB vs ASC, PANL, ESEA: Dividend Payout Ratio Comparison
For the Marine Shipping subindustry, Safe Bulkers's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Safe Bulkers Dividend Payout Ratio vs Transportation Industry
For the Transportation industry and Industrials sector, Safe Bulkers's Dividend Payout Ratio distribution charts can be found below:
* The bar in red indicates where Safe Bulkers's Dividend Payout Ratio falls into.
The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.
Safe Bulkers's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Safe Bulkers (SB) has a Dividend Payout Ratio of 0.25 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Safe Bulkers and its competitors. This is 24% below median its historical median of 0.33. Over the past decade, Safe Bulkers' Dividend Payout Ratio has ranged from 0.15 to 0.63. According to the industry distribution chart, Safe Bulkers ranks #266 out of 566 companies in the Transportation industry, placing it in the top 47%.
Is Safe Bulkers' Dividend Payout Ratio too high?
Safe Bulkers' current Dividend Payout Ratio of 0.25 is 24% below median its 10-year median of 0.33. Over the past 10 years, this metric has ranged from a low of 0.15 to a high of 0.63. The Transportation industry median Dividend Payout Ratio is 0.45. Safe Bulkers' value of 0.25 is 44.4% below this industry median. Based on the distribution chart, Safe Bulkers ranks #266 out of 566 companies in the Transportation industry, which is above the industry midpoint. Overall, Safe Bulkers has a GF Score™ of 64/100 and is considered Significantly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Safe Bulkers' Dividend Payout Ratio compare to ASC and PANL?
According to the Transportation industry distribution chart, Safe Bulkers ranks #266 out of 566 companies for Dividend Payout Ratio. This puts Safe Bulkers in the upper half of its industry. The industry median Dividend Payout Ratio is 0.45. Safe Bulkers' value of 0.25 is 44.4% below this benchmark. Historically, Safe Bulkers' own Dividend Payout Ratio has ranged from 0.15 to 0.63 over the past decade. While the company's 10-year median is 0.33 vs. the industry median of 0.45, Safe Bulkers has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Payout Ratio for a Transportation company?
The median Dividend Payout Ratio among Transportation companies is 0.45, based on 566 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Safe Bulkers's current Dividend Payout Ratio of 0.25 is 44.4% below the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Safe Bulkers and its competitors. For the Transportation industry, the median Dividend Payout Ratio is 0.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Safe Bulkers's current Dividend Payout Ratio is 0.25, which is 24% below median its own 10-year median of 0.33. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Safe Bulkers stock overvalued right now?
Based on GuruFocus' analysis, Safe Bulkers (SB) is currently considered Significantly Overvalued. The stock's GF Value™ is $4.53, compared to a current price of $6.78 — trading 49.7% above its estimated fair value. The current Dividend Payout Ratio is 0.25, which is 24% below median its 10-year median of 0.33 and 44.4% below the Transportation industry median of 0.45. Safe Bulkers' overall GF Score™ is 64/100 with 9 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For Safe Bulkers (SB), the current Dividend Payout Ratio is 0.25 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is Safe Bulkers (SB) Overvalued in 2026?
Based on GuruFocus' analysis, Safe Bulkers stock appears to be overvalued.
The current stock price of $6.78 is trading 49.7% above its estimated GF Value™ of $4.53.
GuruFocus considers Safe Bulkers to be Significantly Overvalued.
Key valuation signals for SB:
Dividend Payout Ratio: 0.25 (24% below median its 10-year median of 0.33)
GF Value™: $4.53 vs. price of $6.78 (49.7% above fair value)
Industry Position: 44.4% below the Transportation median (#266 of 566)
No single metric tells the full story. See the SB stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
Safe Bulkers Inc is an international provider of marine drybulk transportation services, transporting bulk cargoes, particularly coal, grain, and iron ore, along international shipping routes for consumers of marine drybulk transportation services. The company employs its vessels on both period time charters and spot time charters, according to the assessment of market conditions, with consumers of marine drybulk transportation services. The company generates almost all of its revenue from Time Charters.
64GF Score
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