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SFL Corporation Ltd. (NYSE:SFL) Plans Quarterly Dividend of $0.20

SFL logo with Transportation background

Key Points

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SFL Corporation Ltd. (NYSE:SFL - Get Free Report) declared a quarterly dividend on Tuesday, August 19th, RTT News reports. Investors of record on Friday, September 12th will be given a dividend of 0.20 per share by the shipping company on Monday, September 29th. This represents a c) dividend on an annualized basis and a yield of 8.8%. The ex-dividend date is Friday, September 12th.

SFL has a payout ratio of 372.4% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

SFL Price Performance

SFL stock opened at $9.12 on Tuesday. The company has a 50 day simple moving average of $8.99 and a 200 day simple moving average of $8.74. The stock has a market cap of $1.33 billion, a price-to-earnings ratio of 22.24 and a beta of 0.56. SFL has a 1 year low of $6.78 and a 1 year high of $11.93. The company has a debt-to-equity ratio of 2.14, a current ratio of 0.45 and a quick ratio of 0.45.

About SFL

(Get Free Report)

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.

Further Reading

Dividend History for SFL (NYSE:SFL)

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