Published on 9 Mar 2024 on Simply Wall St. via Yahoo Finance
Dividend Investors: Don't Be Too Quick To Buy SFL Corporation Ltd. (NYSE:SFL) For Its Upcoming...
SFL Corporation Ltd. (NYSE:SFL) stock is about to trade ex-dividend in four days. The ex-dividend date is usually set to be one business day before the record date which is the cut-off date on which you must be present on the company's books as a shareholder in order to receive the dividend. It is important to be aware of the ex-dividend date because any trade on the stock needs to have been settled on or before the record date. Thus, you can purchase SFL's shares before the 14th of March in order to receive the dividend, which the company will pay on the 28th of March.
The company's next dividend payment will be US$0.26 per share, and in the last 12 months, the company paid a total of US$1.04 per share. Last year's total dividend payments show that SFL has a trailing yield of 7.7% on the current share price of US$13.55. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. That's why we should always check whether the dividend payments appear sustainable, and if the company is growing.
See our latest analysis for SFL