NEW YORK (
) -- The ex-dividend date for
Ship Finance International
) is tomorrow, March 9, 2011. Owners of shares as of market close today will be eligible for a dividend of 38 cents per share. At a price of $21.02 as of 9:30 a.m. ET, the dividend yield is 7.3%.
The average volume for Ship Finance International has been 350,000 shares per day over the past 30 days. Ship Finance International has a market cap of $1.6 billion and is part of the
industry. Shares are down 2.8% year to date as of the close of trading on Monday.
Ship Finance International Limited, through its subsidiaries, owns and operates vessels and offshore related assets in Bermuda, Cyprus, Malta, Liberia, Norway, the United States, Singapore, the United Kingdom, and the Marshall Islands. The company has a P/E ratio of 8.1, below the average transportation industry P/E ratio of 9.9 and below the S&P 500 P/E ratio of 17.5.
TheStreet Ratings rates Ship Finance International as hold. The company's strengths can be seen in multiple areas, such as its good cash flow from operations, expanding profit margins and increase in stock price during the past year. However, as a counter to these strengths, we also find weaknesses including feeble growth in the company's earnings per share, deteriorating net income and generally poor debt management. You can view the full