87th Consecutive Dividend
SFL announced its 87th consecutive dividend of $0.20 per share, returning approximately $2.9 billion to shareholders, with a yield of over 10%.
Strong Charter Backlog
The charter backlog stands at $4 billion, with 2/3 contracted to investment-grade counterparties, providing strong cash flow visibility.
Fleet Renewal Strategy
SFL sold 22 older vessels, reducing the average fleet age by 2 years to under 10 years, and invested in efficiency upgrades and LNG-capable vessels.
New Charters and Upgrades
Announced 5-year charters for three 9,500 TEU container vessels, adding approximately $225 million to the charter backlog, with upgrades for cargo handling and fuel efficiency.
Strong Financial Position
SFL ended the quarter with $278 million in cash and a total liquidity of $320 million, maintaining a solid financial position.