Ship Finance (SFL) Posts In-Line Q4 Revenue

Ship Finance (NYSE: SFL) reported Q4 revenue of $120 million versus the consensus estimate of $119.98 million. Posted net income of $24 million in the fourth quarter.

Ole B. Hjertaker, CEO of SFL Management AS, said in a comment:

“SFL Corporation is entering the new decade with a strong balance sheet and significant capital available for new investments. We have now declared our 64th consecutive dividend, and have been profitable every quarter since our inception, which is a unique combination in the maritime world.

We have demonstrated our ability to continuously both renew and diversify our portfolio of assets and charters, supporting a long term distribution capacity. This has been achieved over multiple shipping cycles, by taking a very active approach to structuring our investments and managing our balance sheet. As a result nearly $27 per share or $2.3 billion in aggregate has been returned to shareholders through dividends since 2004.

For earnings history and earnings-related data on Ship Finance (SFL) click here.

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