Safe Bulkers, Inc. Announces a Three Million Shares of Common Stock Repurchase Program
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Safe Bulkers, Inc. has announced a new stock repurchase program to buy back up to 3 million shares, representing 2.8% of its outstanding shares and 5.4% of its public float.
February 24, 2025 | 9:15 pm
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POSITIVE IMPACT
Safe Bulkers, Inc. has authorized a stock repurchase program for up to 3 million shares, which could positively impact the stock price by reducing the supply of shares and signaling confidence in the company's value.
The repurchase program reduces the number of shares available in the market, which can lead to an increase in stock price due to supply-demand dynamics. It also signals management's confidence in the company's value, which can positively influence investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100