Ship Finance International Stock To Go Ex-dividend Tomorrow (SFL)
The ex-dividend date for Ship Finance International (NYSE:SFL) is tomorrow, March 7, 2012. Owners of shares as of market close today will be eligible for a dividend of 30 cents per share. At a price of $13 as of 10:05 a.m., the dividend yield is 9%.
NEW YORK ( TheStreet) -- The ex-dividend date for Ship Finance International (NYSE: SFL) is tomorrow, March 7, 2012. Owners of shares as of market close today will be eligible for a dividend of 30 cents per share. At a price of $13 as of 10:05 a.m. ET, the dividend yield is 9%. The average volume for Ship Finance International has been 686,500 shares per day over the past 30 days. Ship Finance International has a market cap of $900.4 million and is part of the services sector and transportation industry. Shares are up 42.1% year to date as of the close of trading on Monday. Ship Finance International Limited, through its subsidiaries, engages in the ownership and operation of 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 eight, below the average transportation industry P/E ratio of 8.9 and below the S&P 500 P/E ratio of 17.7.
TheStreet Ratings rates Ship Finance International as a hold. The company's strengths can be seen in multiple areas, such as its revenue growth, expanding profit margins and good cash flow from operations. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally poor debt management and feeble growth in the company's earnings per share. You can view the full Ship Finance International Ratings Report. See our dividend calendar or top-yielding stocks list.