SFL Co. Ltd. (NYSE:SFL - Get Free Report) declared a quarterly dividend on Wednesday, February 12th,Wall Street Journal reports. Shareholders of record on Wednesday, March 12th will be paid a dividend of 0.27 per share by the shipping company on Friday, March 28th. This represents a $1.08 annualized dividend and a yield of 11.44%. The ex-dividend date is Wednesday, March 12th.
SFL has raised its dividend by an average of 19.3% annually over the last three years. SFL has a dividend payout ratio of 166.2% meaning 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 4.1 %
SFL stock traded down $0.40 during mid-day trading on Monday, hitting $9.44. The company's stock had a trading volume of 3,164,477 shares, compared to its average volume of 674,379. The company has a 50 day moving average of $10.41 and a 200-day moving average of $10.87. The stock has a market cap of $1.31 billion, a PE ratio of 8.50 and a beta of 0.66. The company has a debt-to-equity ratio of 1.93, a quick ratio of 0.50 and a current ratio of 0.50. SFL has a one year low of $9.43 and a one year high of $14.62.
Analyst Upgrades and Downgrades
Several equities analysts have commented on SFL shares. Fearnley Fonds raised SFL from a "hold" rating to a "strong-buy" rating in a research report on Thursday, November 21st. StockNews.com lowered SFL from a "hold" rating to a "sell" rating in a research note on Thursday.
Check Out Our Latest Report on SFL
About SFL
(
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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.
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