SFL Co. Ltd. (NYSE:SFL) to Issue $0.27 Quarterly Dividend

SFL Co. Ltd. (NYSE:SFL) declared a quarterly dividend on Wednesday, November 6th, Zacks reports. Investors of record on Friday, December 13th will be given a dividend of 0.27 per share by the shipping company on Friday, December 27th. This represents a $1.08 dividend on an annualized basis and a yield of 10.35%. The ex-dividend date of this dividend is Friday, December 13th.

SFL has decreased its dividend payment by an average of 1.0% annually over the last three years. SFL has a dividend payout ratio of 112.5% 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 Down 0.1 %

SFL opened at $10.43 on Thursday. SFL has a one year low of $10.27 and a one year high of $14.62. The stock has a market capitalization of $1.45 billion, a PE ratio of 10.45 and a beta of 0.68. The business’s 50 day moving average price is $11.24 and its 200 day moving average price is $12.46. The company has a debt-to-equity ratio of 1.65, a quick ratio of 0.34 and a current ratio of 0.34.

SFL (NYSE:SFL) last released its quarterly earnings data on Wednesday, August 14th. The shipping company reported $0.16 EPS for the quarter. SFL had a return on equity of 12.58% and a net margin of 15.17%. The firm had revenue of $190.90 million for the quarter, compared to analysts’ expectations of $184.17 million. During the same period in the prior year, the firm posted $0.13 earnings per share. The firm’s quarterly revenue was up 16.1% on a year-over-year basis.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Pareto Securities upgraded SFL from a “hold” rating to a “buy” rating in a report on Tuesday, August 20th. StockNews.com raised SFL from a “hold” rating to a “buy” rating in a research report on Tuesday, July 16th.

About SFL

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.