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Ship Finance International Limited Message Board

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  • roost1372 roost1372 Feb 5, 2009 10:51 AM Flag

    What's with SFL today

    there is zero reason for them to lower the dividend. The board just RAISED it a few months ago. They wouldn't have raised it in this terrible environment unless they had good visibility. Look at the Q3 presentation. Plenty of cash with more coming in from profit sharing in Q4 and beyond. Even if VLCC rates drop to $30,000 they can still get a bit of profit share and they have more ships coming on line in 2009. Their average time charter is 13.7 years with good counterparties. Buy

 
SFL
15.70+0.08(+0.51%)May 27 4:02 PMEDT