SFL Co. Ltd. (SFL) To Go Ex-Dividend on December 13th

SFL Co. Ltd. (NYSE:SFL) announced a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Shareholders of record on Friday, December 13th will be paid a dividend of 0.27 per share by the shipping company on Friday, December 27th. This represents a $1.08 annualized dividend and a yield of 10.21%. The ex-dividend date of this dividend is Friday, December 13th.

SFL has decreased its dividend payment by an average of 1.0% per year over the last three years. SFL has a payout ratio of 203.8% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

SFL Trading Up 1.1 %

Shares of NYSE:SFL opened at $10.58 on Wednesday. SFL has a 1 year low of $10.01 and a 1 year high of $14.62. The stock’s fifty day moving average price is $10.85 and its 200-day moving average price is $11.90. The company has a market cap of $1.47 billion, a P/E ratio of 9.53 and a beta of 0.67. The company has a debt-to-equity ratio of 1.93, a current ratio of 0.50 and a quick ratio of 0.50.

SFL (NYSE:SFL) last announced its quarterly earnings results on Wednesday, November 6th. The shipping company reported $0.34 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.03). SFL had a net margin of 16.03% and a return on equity of 14.61%. The company had revenue of $255.30 million for the quarter, compared to analysts’ expectations of $243.98 million. During the same period in the previous year, the business earned $0.23 EPS. The business’s revenue was up 24.6% compared to the same quarter last year.

Analyst Ratings Changes

A number of brokerages have weighed in on SFL. Fearnley Fonds upgraded shares of SFL from a “hold” rating to a “strong-buy” rating in a research note on Thursday, November 21st. Pareto Securities raised SFL from a “hold” rating to a “buy” rating in a report on Tuesday, August 20th.

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.