Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why SFL Shares Sank 15% Today

TheMotleyFool

0 0

Maritime ship and offshore asset owner SFL (NYSE: SFL) reported earnings and a dividend cut today. Investors in turn cut the share price, which closed down 15% from Wednesday's closing price.

Even with the lower dividend, shares are yielding over 9% at their current price.

The company reported $16 million of net income in its third quarter, and CEO Ole B. Hjertaker issued a statement saying that after the initial disruption of world trade due to the coronavirus pandemic, the company has not "had any material operational impact on our 84 vessels."

Source Fool.com

Like: 0

SFL

Share