Oil tanker operator Ship Finance International will pay a regular quarterly dividend of $0.52 on September 18 to holders as of Tuesday, August 29. That’s 2.5% of the share price of $21, or a 10% annual yield. SFL stated the payout includes “an ordinary cash dividend of $0.45 per share, and a supplementary extraordinary dividend of $0.07 per share”. Looks like a diplomatic way to say the regular dividend will decrease to $0.45/share starting next quarter.

This entry was posted on Monday, August 28th, 2006 at 11:47 am and is filed under Div Alert. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.