SFL Corporation Ltd. announced its preliminary financial results for the third quarter ended September 30, 2024. The company reported a net income of $44.5 million, with adjusted earnings reaching $0.38 per share. Total revenue for the quarter stood at $255.3 million.
The Board of Directors declared a quarterly cash dividend of $0.27 per share, maintaining the previous quarter's payout. This dividend is scheduled for payment around December 27, 2024, with the ex-dividend date on the New York Stock Exchange set for December 13, 2024.
Ole B. Hjertaker, CEO of SFL Management AS, highlighted the company's transformation into a maritime infrastructure provider, with most assets on long-term time charters. He noted the addition of over $2 billion to the charter backlog in 2024, bringing the total fixed rate charter backlog to approximately $4.7 billion, with two-thirds from investment-grade customers.
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