Ship Finance: A Fine Q1 with Good News for the Future - Tim Plaehn

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Ship Finance: A Fine Q1 with Good News for the Future
May 25, 2008 08:24 AM UTC

Tim Plaehn

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Symbol	Sentiment	Start	Return	Closed
SFL		05/25/08	-6.49%	08/24/08

Via Long Investment Ideas from Seeking Alpha:

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 what
I read into the earlier press release, the 1st quarter dividend will be
56¢, up a penny from Q4, and the dividend will be increased to 58¢ in
the 3rd quarter. This gives a total increase of 12¢ per year going
forward, a 5.5% increase on the current dividend. On the conference
call, management indicated they are working toward future increases.

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