Ship Finance (SFL) Tops Q4 EPS by 2c

Ship Finance (NYSE: SFL) reported Q4 EPS of $0.31, $0.02 better than the analyst estimate of $0.29.

• Declaration of fourth quarter dividend of $0.45 per share, the Company's 52nd consecutive quarterly dividend
• Successful issuance of $225 million of senior unsecured convertible notes due in 2021 and repurchase of $166 million of convertible notes due in 2018
• Continued diversification and renewal of fleet with the delivery of the first of two 19,200 TEU container vessels and agreement to sell one 1998-built VLCC
• Earned $7.0 million, or $0.07 per share, of profit share during the quarter

For earnings history and earnings-related data on Ship Finance (SFL) click here.

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