SFL Corporation Ltd. to Issue Quarterly Dividend of $0.20 (NYSE:SFL)

SFL Corporation Ltd. (NYSE:SFL) announced a quarterly dividend on Tuesday, November 11th. Stockholders of record on Friday, December 12th will be given a dividend of 0.20 per share by the shipping company on Monday, December 29th. This represents a c) annualized dividend and a dividend yield of 9.7%. The ex-dividend date is Friday, December 12th.

SFL has decreased its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 1 consecutive years. SFL has a payout ratio of 275.9% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

SFL Stock Performance

Shares of NYSE SFL traded down $0.09 during mid-day trading on Wednesday, hitting $8.27. The stock had a trading volume of 779,457 shares, compared to its average volume of 1,259,616. The firm has a market cap of $1.20 billion, a PE ratio of 31.79 and a beta of 0.45. The company has a debt-to-equity ratio of 1.97, a quick ratio of 0.30 and a current ratio of 0.30. The company has a 50 day moving average of $7.56 and a two-hundred day moving average of $8.31. SFL has a twelve month low of $6.73 and a twelve month high of $11.14.

SFL (NYSE:SFL) last posted its quarterly earnings results on Wednesday, November 5th. The shipping company reported $0.07 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.08. SFL had a return on equity of 6.67% and a net margin of 3.97%.During the same quarter in the prior year, the firm posted $0.34 EPS. The company’s revenue for the quarter was down 30.2% compared to the same quarter last year.

SFL Company Profile

SFL Corporation Ltd., a maritime and offshore asset owning and chartering company, engages in the ownership, operation, and chartering out of vessels and offshore related assets on medium and long-term charters. The company operates in various sectors of the maritime, and shipping and offshore industries, including oil transportation, dry bulk shipments, chemical transportation, oil products transportation, container transportation, car transportation, and drilling rigs.