05:06 PM EST, 11/13/2024 (MT Newswires) -- Safe Bulkers ( SB ) reported Q3 adjusted earnings late Wednesday of $0.16 per diluted share, up from $0.08 a year earlier.

Two analysts polled by Capital IQ expected $0.17 normalized.

Revenue for the quarter ended Sept. 30 was $79.2 million, compared with $67.1 million a year earlier. No comparative analysts' estimates were available from Capital IQ.

The company maintained its quarterly dividend at $0.05 per share payable on Dec. 17 to stockholders of record on Dec. 2.