Ship Finance International Ltd.  (SFL) Trade Now »     Rate SFL  -  Discuss SFL  -  Add to Watch List        

I should not be bored owning a high yield stock that is this consistent, but the quarterly earnings reports for Ship Finance International Ltd (SFL) almost makes it difficult to write an interesting analysis. (Call Transcript)

Ship Finance has developed a business model that appears to be bullet proof and the market puts such a low value on the company there appears to be no room for a negative surprise. This quarter SFL increased the quarterly dividend 2¢ to 58¢, giving the stock a current yield of about 8.4%. This makes 18 straight quarters where the dividend has been stable or increased.

Ship Finance International Ltd (SFL) came out with their formal 1st quarter earnings and conference call on Thursday. This follows the announcement of a new mega-lease deal and dividend increase announcement a few days earlier. As expected, Ship Finance had a fine quarter with good news for the future.<!---->

First up, the dividend: A little different from whatI read into the earlier press release, the 1st quarter dividend will be56¢, up a penny from Q4, and the dividend will be increased to 58¢ inthe 3rd quarter. This gives a total increase of 12¢ per year goingforward, a 5.5% increase on t

SFL - $850 million acquisition of an ultra-deepwater drillship and intention to increase quarterly dividend.

I have considered Ship Finance International (SFL) a core component of my site’s income portfolio. The press release above announces the single most expensive sale/ leaseback transaction in maritime history.<!---->