SFL Corporation Ltd. (NYSE:SFL – Get Free Report) announced a quarterly dividend on Tuesday, May 12th. Stockholders of record on Wednesday, May 27th will be given a dividend of 0.22 per share by the shipping company on Monday, June 22nd. This represents a c) annualized dividend and a dividend yield of 7.2%. The ex-dividend date of this dividend is Wednesday, May 27th. This is a 10.0% increase from SFL’s previous quarterly dividend of $0.20.
SFL has decreased its dividend by an average of 0.0%per year over the last three years and has increased its dividend every year for the last 1 years. SFL has a payout ratio of 275.9% 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 4.0%
Shares of NYSE:SFL traded down $0.51 during mid-day trading on Wednesday, hitting $12.29. The company had a trading volume of 766,708 shares, compared to its average volume of 1,485,784. The firm has a fifty day moving average price of $10.93 and a 200 day moving average price of $9.32. The company has a market capitalization of $1.78 billion, a PE ratio of -61.44 and a beta of 0.42. The company has a debt-to-equity ratio of 2.04, a current ratio of 0.36 and a quick ratio of 0.35. SFL has a one year low of $6.73 and a one year high of $12.94.
More SFL News
Here are the key news stories impacting SFL this week:
- Positive Sentiment: SFL reported preliminary Q1 2026 earnings of $0.20 per share, well ahead of the $0.06 consensus estimate, with revenue of $174.5 million also slightly above expectations. Article link
- Positive Sentiment: The company raised its quarterly dividend to $0.22 per share from $0.20, a 10% increase, reinforcing its income appeal. Article link
- Positive Sentiment: BTIG Research raised its price target on SFL to $14.00 from $12.00 and kept a Buy rating, signaling additional upside confidence. Article link
- Neutral Sentiment: Management highlighted a $170 million drilling contract for the Hercules rig and $250 million of refinancing for the Linus and Hercules rigs, which supports liquidity and longer-term growth but is not an immediate catalyst. Article link
- Negative Sentiment: Revenue was still down 6.8% year over year, and the company remains exposed to volatile shipping markets, which can temper enthusiasm even after an earnings beat. Article link
SFL Company Profile
Ship Finance International Limited (NYSE: SFL) is an independent owner of modern, large-size ocean-going vessels that provides finance and leasing services to the global shipping industry. The company’s fleet encompasses a diversified mix of crude oil tankers, product and chemical tankers, liquefied natural gas (LNG) carriers, dry bulk carriers, container vessels and floating production storage and offloading (FPSO) units. By structuring long-term charter agreements and bareboat leases with major oil companies, commodity traders and offshore operators, Ship Finance International seeks to deliver stable cash flows and risk-adjusted returns for its shareholders.
In its core business, Ship Finance International acquires or finances vessels through forward sales agreements and then charters them out under fixed-rate contracts, typically ranging from five to 20 years in duration.
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