Safe Bulkers announced a 16% increase in revenue for the first quarter of 2026, reaching $74.4 million. The company also reported a tripling of net profits during the same period, signaling strong financial performance. As a result of the positive results, Safe Bulkers is increasing its common stock dividend to $0.06 per share. This represents a significant boost for shareholders and reflects the company’s improved profitability. The revenue growth is attributed to favorable conditions in the shipping market. This positive financial performance positions Safe Bulkers for continued success in the coming quarters.