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On 6/7/11, Ship Finance International Ltd (NYSE:SFL) will trade ex-dividend, for its quarterly dividend of $0.39, payable on 6/29/11. As a percentage of SFL's recent stock price of $18.57, this dividend works out to approximately 2.10%, so look for shares of Ship Finance International Ltd to trade 2.10% lower — all else being equal — when SFL shares open for trading on 6/7/11.
Below is a dividend history chart for SFL, showing historical dividends prior to the most recent $0.39 declared by Ship Finance International Ltd:
SFL Dividend History
Date
Div*
03/09/11
0.380
12/06/10
0.360
09/08/10
0.350
05/28/10
0.330
03/17/10
0.300
12/04/09
0.300
08/27/09
0.300
05/22/09
0.300
03/05/09
0.300
12/19/08
0.600
08/28/08
0.580
06/13/08
0.560
02/22/08
0.550
11/23/07
0.550
08/29/07
0.550
06/06/07
0.550
03/06/07
0.540
12/05/06
0.530
08/29/06
0.520
06/08/06
0.500
03/02/06
0.500
11/25/05
0.500
09/01/05
0.500
06/08/05
0.500
03/03/05
0.500
11/22/04
0.450
08/26/04
0.350
* Data may be adjusted for splits; we are not responsible for data errors; always verify data with the company.
In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from SFL is likely to continue, and whether the current estimated yield of 8.40% on annualized basis is a reasonable expectation of annual yield going forward.
According to the ETF Finder at ETF Channel, SFL makes up 3.91% of the Guggenheim Shipping ETF (AMEX:SEA) which is trading lower by about 1% on the day Friday.
SFL operates in the Oil & Gas Equipment & Services sector, among companies like Weatherford International, Ltd. (NYSE:WFT) which is off about 1.1% today, and Williams Partners L.P. (NYSE:WPZ) trading lower by about 2.1%. Below is a three month price history chart comparing the stock performance of SFL, versus WFT and WPZ.
In Friday trading, Ship Finance International Ltd shares are currently down about 0.7% on the day.
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