Ship Finance International Limited (SFL) Plans Quarterly Dividend of $0.35
Ship Finance International Limited (NYSE:SFL) declared a quarterly dividend on Wednesday, November 22nd, NASDAQ reports. Shareholders of record on Monday, December 11th will be paid a dividend of 0.35 per share by the shipping company on Friday, December 29th. This represents a $1.40 dividend on an annualized basis and a yield of 9.21%. The ex-dividend date is Friday, December 8th.
Ship Finance International Limited has increased its dividend payment by an average of 15.4% annually over the last three years and has raised its dividend every year for the last 5 years. Ship Finance International Limited has a dividend payout ratio of 114.8% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Ship Finance International Limited to earn $1.14 per share next year, which means the company may not be able to cover its $1.40 annual dividend with an expected future payout ratio of 122.8%.
Ship Finance International Limited (NYSE SFL) opened at $15.20 on Thursday. Ship Finance International Limited has a 52-week low of $12.30 and a 52-week high of $16.10. The firm has a market capitalization of $1,397.89, a PE ratio of 10.91 and a beta of 1.40.
Ship Finance International Limited (NYSE:SFL) last issued its earnings results on Wednesday, November 22nd. The shipping company reported $0.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.04. Ship Finance International Limited had a return on equity of 11.26% and a net margin of 29.59%. analysts anticipate that Ship Finance International Limited will post 1.22 earnings per share for the current year.
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SFL has been the subject of a number of recent analyst reports. Zacks Investment Research raised Ship Finance International Limited from a “sell” rating to a “hold” rating in a research report on Saturday, August 26th. Clarkson Capital raised Ship Finance International Limited from a “neutral” rating to a “buy” rating in a research report on Tuesday, October 17th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $16.00.
Ship Finance International Limited Company Profile
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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