Ship Finance

SFL Corp. Ltd. engages in the ownership and operation of vessels and offshore related assets. It is also involved in the charter, purchase, and sale of assets. The firm operates through subsidiaries located in Bermuda, Cyprus, Malta, Liberia, Norway, the United Kingdom, and the Marshall Islands. The company was founded on October 10, 2003 and is headquartered in Hamilton, Bermuda.

Earnings data Q3 2023

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With dayrates for offshore drilling rigs approaching decade-highs, the company's much-scrutinized offshore drilling exposure has turned into a major tailwind as of late. Consequently, the company's semi-submersible rig Hercules is expected to contribute approximately $100 million in Adjusted EBITDA over the next 12 months. In addition, SFL stands to benefit from the recent rally in charter rates for car carriers after chartering two vintage carriers to Volkswagen at vastly improved terms.

SFL Corporation: Buy On Prospects For Major Dividend Hike

SFL has a two-decade track record of substantial dividends and traded between $15-$20 range for much of the 2010s, but offshore and COVID woes drove several dividend cuts from 2017-2020. SFL has now completely turned around. Its balance sheet is the strongest in company history, asset quality is top-notch, and the previously beleaguered offshore assets are now seeing strong tailwinds. A handful of recent contracts (Hercules rig and car carriers) will more than double excess free cash flow into 2024.

SFL Corporation: Return Of The Income Juggernaut, Notable Upside Ahead

SFL Corporation Ltd. (NYSE:SFL ) Q2 2023 Earnings Conference Call August 17, 2023 10:00 AM ET Company Participants Marius Furuly - Vice President, Finance & Investor Relations Ole Hjertaker - Chief Executive Officer Trym Otto Sjølie - Chief Operating Officer Aksel Olesen - Chief Financial Officer Conference Call Participants Richard Diamond - Castlewood Capital Climent Molins - Value Investor's Edge Chris Wetherbee - Citi Marius Furuly Welcome to SFL's Second Quarter 2023 Conference Call.

SFL Corporation Ltd. (SFL) Q2 2023 Earnings Call Transcript

Preliminary Q 2 202 3 results and quarterly cash dividend of $0.24 per share

SFL - Second Quarter 2023 Results

SFL Corporation is a ship leasing firm with a diversified fleet and is controlled by experienced owner John Frederiksen. The company generates cash flow from long-term ship leasing contracts with reputable clients. SFL is currently trading at an attractive dividend yield and a lower than typical valuation, making it an appealing investment option.

SFL Offers A Herculean Dividend

SFL Corporation Ltd. (NYSE: SFL) (“SFL” or the “Company”) announced today that it has signed a drilling contract in Canada with a subsidiary of Equinor ASA for the harsh environment semi-submersible rig Hercules . The estimated contract value is approximately $100 million.

SFL - New $100 Million Contract for Semi-Submersible Rig Hercules

SFL Corporation: Buy The 10.5% Yield Before A Potential Rebound

SFL Corporation reported a quarterly income of $0.05 per diluted share compared to $0.37 per share in the same quarter a year ago. The company declared a quarterly dividend of $0.24 per share this quarter. The dividend yield is now 11.02%. Furthermore, the company initiated a $100 million share buyback.

SFL Corporation: A Dividend Yield Of 11.2% - Time To Accumulate

SFL Corporation Ltd. (NYSE:SFL ) Q1 2023 Earnings Conference Call May 15, 2023 10:00 AM ET Company Participants Ole Hjertaker - CEO Aksel Olesen - CFO Conference Call Participants Sherif Elmaghrabi - BTIG Richard Diamond - Castlewood Capital Climent Molins - Value Investor's Edge Operator Good day and thank you for standing by.

SFL Corporation Ltd. (SFL) Q1 2023 Earnings Call Transcript

Please find enclosed the presentation of the preliminary first quarter results to be held May 15, 2023, in the link below. Attachment SFL - First Quarter 2023 Results Presentation

SFL - First Quarter 2023 Results Presentation

Preliminary Q 1 202 3 results and quarterly cash dividend of $0.24 per share

SFL - First Quarter 2023 Results

SFL Corporation Ltd. ("SFL" or the “Company”) (NYSE: SFL) plans to release its preliminary financial results for the first quarter of 2023 on Monday, May 15, 2023.

SFL - Invitation to Presentation of Q1 2023 Results

SFL Corporation Ltd. (NYSE: SFL) (“SFL” or the “Company”) advises that the 2023 Annual General Meeting of the Company was held on May 8, 2023, at 13:30 hours at Hamilton Princess and Beach Club, 76 Pitts Bay Road, Hamilton HMCX, Bermuda. The audited consolidated financial statements for the Company for the year ended December 31, 2022, were presented to the Meeting.

SFL - 2023 AGM Results Notification

SFL Corporation Ltd. (NYSE: SFL) (“SFL” or the “Company”) announced today that it has signed a contract with a subsidiary of Galp Energia for the harsh environment semi-submersible rig Hercules with an estimated contract value of approximately $50 million.

SFL - New Contract for Semi-Submersible Rig Hercules

SFL Corporation Ltd. (NYSE: SFL) (“SFL” or the "Company") announces that it has sold and delivered the 2010-built suezmax tanker Everbright to an unrelated third party. The net sale proceeds to SFL are approximately $41.1 million, and the vessel was debt free at the end of the first quarter. A book gain of approximately $6.4 million is expected to be recorded in the second quarter as a result of the sale.

SFL - Sale of suezmax tanker

SFL Corporation Ltd. (NYSE: SFL) (“SFL” or the "Company") announces that it has agreed to sell the two 2008-built chemical tankers SFL Weser and SFL Elbe to an unrelated third party. The sales proceeds to SFL are approximately $19.5 million for the debt free vessels. Both vessels have been employed in the spot market the last two years and delivery of the vessels to the buyer is expected to take place in the second quarter. A book impairment of approximately $7 million is expected to be recorded in the first quarter relating to the sales.

SFL - Sale of suexmax and chemical tankers

SFL recently raised its quarterly dividend by 4.3%. However, the share price has sold off recently due to general market turbulence, falling by more than 10% over the past month. The share price drop, in combination with an increased dividend, has led to an elevated, but sustainable, dividend yield of 10.3%.

SFL Corporation Continues To Increase Its Dividend: Expect More To Come

SFL Corporation yields 10.42%, with a solid 55% dividend payout ratio. Its diverse fleet's charters run from 5 to 9 years.

SFL Corporation: 10% Yield On Long-Term Charters

Ardmore Shipping

International Seaways

The Zacks Industry Rank for the Transportation-Shipping industry paints a dull picture. Braving the industry headwinds are three stocks, INSW, SFL and ASC, which you might consider adding to your portfolio.

3 Shipping Stocks to Bet on Despite Industry Challenges

SFL Corporation Ltd. (NYSE:SFL ) Q4 2022 Earnings Conference Call February 15, 2023 10:00 AM ET Company Participants Ole Hjertaker - Chief Executive Officer Aksel Olesen - Chief Financial Officer Trym Sjølie - Chief Operating Officer Conference Call Participants Greg Lewis - BTIG Ole Hjertaker Thank you.

SFL Corporation Ltd. (SFL) Q4 2022 Earnings Call Transcript

Please find enclosed the presentation of the preliminary fourth quarter results to be held February 15, 2023, in the link below.

SFL - Fourth Quarter 2022 Results Presentation

Preliminary Q4 2022 results and increased quarterly cash dividend of $0.24 per share

SFL - Fourth Quarter 2022 Results

SFL Corporation Ltd. ("SFL" or the “Company”) (NYSE: SFL) plans to release its preliminary financial results for the fourth quarter of 2022 on Wednesday, February 15, 2023.

SFL - Invitation to Presentation of Q4 2022 Results

In our last article in November last year, we continued our line of 7 consecutive Buy stances on SFL Corporation (NYSE:SFL). We need to go back to the middle of May 2020 to find our last Hold stance.

We Put To Rest Our Concern About SFL's Large Container Fleet

SFL Corporation Ltd. (NYSE: SFL) (“SFL” or the “Company”) today successfully placed USD 150 million senior unsecured sustainability-linked bonds due 1 February 2027. The bonds will pay a coupon of 8.875% per annum and be issued at a price of 99.58%, the net proceeds will be used to refinance existing bonds and for general corporate purposes. An application will be made for the bonds to be listed on the Oslo Stock Exchange.

News for Ship Finance Stock (SFL)