Ship Finance International Ltd. (sfl) to Issue $0.45 Quarterly Dividend
Ship Finance International Ltd. (NYSE:sfl) declared a quarterly dividend on Wednesday, November 30th. Stockholders of record on Monday, December 12th will be paid a dividend of 0.45 per share on Thursday, December 29th. This represents a $1.80 annualized dividend and a dividend yield of 12.50%. The ex-dividend date of this dividend is Thursday, December 8th.
Ship Finance International (NYSE:SFL) opened at 14.40 on Thursday. The firm has a market cap of $1.35 billion, a PE ratio of 8.41 and a beta of 1.42. Ship Finance International has a one year low of $9.83 and a one year high of $17.46. The stock has a 50 day moving average of $13.56 and a 200 day moving average of $14.66.
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Several research analysts recently commented on SFL shares. Zacks Investment Research upgraded shares of Ship Finance International from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 17th. Seaport Global Securities started coverage on shares of Ship Finance International in a report on Monday, August 22nd. They issued a “neutral” rating and a $16.00 price target on the stock. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $15.50.
Hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC purchased a new stake in Ship Finance International during the third quarter worth about $131,000. Engineers Gate Manager LP purchased a new stake in Ship Finance International during the second quarter worth about $151,000. Cetera Advisors LLC raised its stake in Ship Finance International by 1.0% in the third quarter. Cetera Advisors LLC now owns 11,640 shares of the company’s stock worth $170,000 after buying an additional 120 shares in the last quarter. Ameriprise Financial Inc. purchased a new stake in Ship Finance International during the second quarter worth about $183,000. Finally, Cetera Advisor Networks LLC purchased a new stake in Ship Finance International during the third quarter worth about $209,000. Institutional investors own 27.32% of the company’s stock.
About Ship Finance International
Ship Finance International Limited is a holding, and international ship owning and chartering company. The Company is engaged in the ownership and operation of vessels and offshore related assets, and also involved in the charter, purchase and sale of assets. Its assets consist of approximately 20 oil tankers, over 20 dry bulk carriers, approximately 20 container vessels, including a newbuilding, two car carriers, two jack-up drilling rigs, two ultra-deepwater drilling units, five offshore supply vessels, two chemical tankers and two newbuilding oil product tankers.
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