SFL Corporation Ltd. (NYSE:SFL) Raises Dividend to $0.22 Per Share

SFL Corporation Ltd. (NYSE:SFL) declared a quarterly dividend on Tuesday, May 12th. Investors of record on Wednesday, May 27th will be paid a dividend of 0.22 per share by the shipping company on Monday, June 22nd. This represents a c) annualized dividend and a yield of 7.1%. 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 annually for the last 1 consecutive years. SFL has a dividend 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 Stock Down 3.7%

SFL traded down $0.48 during trading hours on Wednesday, hitting $12.33. 721,890 shares of the company’s stock were exchanged, compared to its average volume of 1,484,635. SFL has a 1-year low of $6.73 and a 1-year high of $12.94. The stock’s 50-day moving average is $10.93 and its two-hundred day moving average is $9.32. The stock has a market cap of $1.78 billion, a price-to-earnings ratio of -61.63 and a beta of 0.42. The company has a quick ratio of 0.35, a current ratio of 0.36 and a debt-to-equity ratio of 2.04.

SFL (NYSE:SFL) last announced its earnings results on Tuesday, May 12th. The shipping company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.06 by $0.14. SFL had a negative net margin of 3.61% and a negative return on equity of 0.30%. The business had revenue of $174.48 million during the quarter, compared to analysts’ expectations of $172.38 million. During the same quarter in the prior year, the company posted ($0.24) earnings per share. The firm’s revenue was down 6.8% on a year-over-year basis.

Key Headlines Impacting SFL

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.