5 Best Shipping Stocks That Pay Dividends

3. SFL Corporation Ltd. (NYSE:SFL)

Number Of Hedge Fund Holders: 18

Dividend Yield as of December 14: 9.90%

SFL Corporation Ltd. (NYSE:SFL) is a leading maritime company that is involved in the ownership and operation of vessels for the transportation of crude oil and natural gas.

On August 24, DNB Markets analyst Joergen Lian upgraded SFL Corporation Ltd. (NYSE:SFL) to Buy from Hold with a $13.50 price target. According to Liam, Q2 was another strong quarter with the fourth consecutive dividend increase. The analyst sees “considerable long-term support” for the dividend without considering any potential benefit from the strengthening offshore markets

SFL Corporation Ltd. (NYSE:SFL) has regularly paid dividends since its initial listing on the NYSE in 2004. Earlier this November, the company declared its latest quarterly dividend of $0.23 per share. As of December 14, the shipping stock had a dividend yield of 9.90%.

At the end of Q3 2022, 18 hedge funds disclosed ownership of stakes in SFL Corporation Ltd. (NYSE:SFL). These funds held collective stakes of $64.15 million in the company. This is compared to 13 positions in the previous quarter with stakes worth $75.16 million.

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