SFL Dividend History & Analysis | 11.4% Yield

SFL has a dividend yield of 11.4% and paid 0.94 USD per share in the last 12M. Complete payout history, full analyses and peer comparison.

Yield 12m 11.44%
Payout Ratio 415.4%
Growth Rate CAGR 5y 10.52%
Consistency Lifetime 89.1%
Yield on Cost 5y 21.22%
Payout FCF 107.4%
Streak Years 22
Dividend Rating 84.49%

Dividends Cash Amount per Share Yearly

This chart shows the yearly cash amount paid as dividends per share. The exact values for each year can be found in the structured dataset with the html-id #yearly_dividend_dataset below.
Dividend Growth Year over Year This chart shows the annual dividend growth rate compared to the previous year.
5 Years Chart with Price and Dividend Yield This chart shows the dividend yield and price over time. Price is displayed as gray area (left axis), yield as dark blue line (right axis), and average yield as orange dashed line.
■ Yield (right) | ■ Price (left) | ┅ Avg Yield
Total Return 12m: -5.6%
Total Return 5y: 106.6%

Top Dividend Payers in Oil & Gas Storage & Transportation

Top 5 Dividend Yields of Peer-Group
Symbol Market Cap USD Dividend Yield TTM Yield on Cost 5y
TK 855 M 13.3% 64.9%
BWLP 2,368 M 11.6% 44.8%
TRMD 2,508 M 10.2% 45.2%
LPG 1,265 M 9.46% 39.1%
WES 16,960 M 11.7% 33.5%
Top 5 Dividend Growth Rates of Peer-Group
Symbol Market Cap USD Growth Rate Consistency
TEN 821 M 82.1% 82.8%
TRGP 43,249 M 75.0% 90.5%
EE 4,259 M 77.6% 100%
FRO 6,363 M 83.7% 44.3%
NAT 881 M 56.5% 80.3%

Quality Dividend Peers in Oil & Gas Storage & Transportation

UGP
Ultrapar Participacoes
 8.74% Yield
DKL
Delek Logistics Partners
 12.72% Yield
TRGP
Targa Resources
 2.34% Yield
DHT
DHT Holdings
 6.34% Yield

SFL Dividend History: Last 50 Payments (USD) as of February 2026

Ex-Dividend Date Record Date Payment Date Period Dividend per Share Dividend Growth Rate QoQ Payout Yield
2025-12-12 2025-12-12 2025-12-29 Quarterly 0.2 0% 2.53%
2025-09-12 2025-09-12 2025-09-29 Quarterly 0.2 -25.9% 2.48%
2025-06-12 2025-06-12 2025-06-27 Quarterly 0.27 0% 3.14%
2025-03-12 2025-03-12 2025-03-28 Quarterly 0.27 0% 3.23%
2024-12-13 2024-12-13 2024-12-27 Quarterly 0.27 0% 2.69%
2024-09-11 2024-09-11 2024-09-27 Quarterly 0.27 0% 2.5%
2024-05-24 2024-05-28 2024-06-26 Quarterly 0.27 3.8% 1.92%
2024-03-14 2024-03-15 2024-03-28 Quarterly 0.26 4% 1.97%
2023-12-14 2023-12-15 2023-12-28 Quarterly 0.25 4.2% 2.24%
2023-09-13 2023-09-14 2023-09-29 Quarterly 0.24 0% 2.2%
2023-06-15 2023-06-16 2023-06-30 Quarterly 0.24 0% 2.58%
2023-03-14 2023-03-15 2023-03-30 Quarterly 0.24 4.3% 2.52%
2022-12-13 2022-12-14 2022-12-30 Quarterly 0.23 0% 2.42%
2022-09-14 2022-09-15 2022-09-29 Quarterly 0.23 4.5% 2.17%
2022-06-14 2022-06-15 2022-06-29 Quarterly 0.22 10% 2.2%
2022-03-15 2022-03-16 2022-03-29 Quarterly 0.2 11.1% 2.08%
2021-12-14 2021-12-15 2021-12-29 Quarterly 0.18 20% 2.13%
2021-09-14 2021-09-15 2021-09-29 Quarterly 0.15 0% 1.84%
2021-06-11 2021-06-14 2021-06-29 Quarterly 0.15 0% 1.72%
2021-03-12 2021-03-15 2021-03-30 Quarterly 0.15 0% 1.83%
2020-12-11 2020-12-14 2020-12-30 Quarterly 0.15 -40% N/A
2020-09-16 2020-09-17 2020-09-30 Quarterly 0.25 0% N/A
2020-06-17 2020-06-18 2020-06-30 Quarterly 0.25 -28.6% N/A
2020-03-10 2020-03-11 2020-03-25 Quarterly 0.35 0% N/A
2019-12-13 2019-12-16 2019-12-27 Quarterly 0.35 0% N/A
2019-09-11 2019-09-12 2019-09-23 Quarterly 0.35 0% N/A
2019-06-10 2019-06-11 2019-06-28 Quarterly 0.35 0% N/A
2019-03-11 2019-03-12 2019-03-29 Quarterly 0.35 0% N/A
2018-12-11 2018-12-12 2018-12-28 Quarterly 0.35 0% N/A
2018-09-13 2018-09-14 2018-09-27 Quarterly 0.35 0% N/A
2018-06-14 2018-06-15 2018-06-29 Quarterly 0.35 0% N/A
2018-03-16 2018-03-19 2018-03-27 Quarterly 0.35 0% N/A
2017-12-08 2017-12-11 2017-12-29 Quarterly 0.35 0% N/A
2017-09-14 2017-09-15 2017-09-29 Quarterly 0.35 -22.2% N/A
2017-06-15 2017-06-16 2017-06-29 Quarterly 0.45 0% N/A
2017-03-15 2017-03-16 2017-03-30 Quarterly 0.45 0% N/A
2016-12-08 2016-12-12 2016-12-29 Quarterly 0.45 0% N/A
2016-09-08 2016-09-12 2016-09-29 Quarterly 0.45 0% N/A
2016-06-10 2016-06-14 2016-06-29 Quarterly 0.45 0% N/A
2016-03-14 2016-03-16 2016-03-30 Quarterly 0.45 0% N/A
2015-12-08 2015-12-10 2015-12-30 Quarterly 0.45 2.3% N/A
2015-09-10 2015-09-14 2015-09-30 Quarterly 0.44 2.3% N/A
2015-06-11 2015-06-15 2015-06-30 Quarterly 0.43 2.4% N/A
2015-03-06 2015-03-10 2015-03-27 Quarterly 0.42 2.4% N/A
2014-12-10 2014-12-12 2014-12-30 Quarterly 0.41 0% N/A
2014-09-10 2014-09-12 2014-09-30 Quarterly 0.41 0% N/A
2014-06-10 2014-06-12 2014-06-30 Quarterly 0.41 2.5% N/A
2014-03-10 2014-03-12 2014-03-28 Quarterly 0.4 2.6% N/A
2013-12-10 2013-12-12 2013-12-30 Quarterly 0.39 0% N/A
2013-09-10 2013-09-12 2013-09-27 Quarterly 0.39 0% N/A

SFL Dividend FAQ

SFL Corporation Ltd. (NYSE:SFL) is a Bermuda-registered owner-operator of a diversified maritime fleet, chartering vessels on medium- and long-term contracts across oil transport, dry bulk, container, car carriers, and drilling rigs. The company, formerly Ship Finance International, rebranded in September 2019 and has been active since its 2003 incorporation.

What is the Dividend Yield of SFL?

As of February 2026, SFL`s dividend yield is 11.44%. This is calculated by dividing the trailing 12-month dividend rate (TTM rate) of 0.94 USD by the current share price of 9.15.

Does SFL pay a dividend?

As of February 2026, SFL paid a dividend of 0.94 USD in the last 12 months. The last dividend was paid on 2025-12-12 and the payout was 0.2 USD.

How often does SFL pay dividends?

SFL pays dividends quarterly. Over the last 12 months, SFL has issued 4 dividend payments. The last dividend payment was made on 2025-12-12.

SFL dividend forecast

Based on historical data, the forecasted dividends per share for SFL for the next 4 payments are between 0.169 (-15.5%) and 0.22 (+10.0%).
This suggests the dividend will remain relatively stable.

Will SFL pay dividends in 2026?

The latest dividend paid per share was 0.2 USD with an Ex-Dividend Date of 2025-12-12. The next Ex-Dividend date for SFL (SFL) is currently unknown.

What is the next Ex-Dividend Date for SFL?

The next Ex-Dividend date for SFL (SFL) is currently unknown. We automatically update the next Ex-Dividend date when it is announced.

What is the Dividend Growth of SFL?

SFL's average dividend growth rate over the past 5 years is 10.5% per year.
Strong growth: SFL's Dividend growth is outpacing inflation.

What is the Yield on Cost of SFL?

SFL's 5-Year Yield on Cost is 21.2%. If you bought SFL's shares at 4.43 USD five years ago, your current annual dividend income (0.94 USD per share, trailing 12 months) equals 21.2% of your original purchase price.

What is the Payout Consistency of SFL?

SFL Payout Consistency is 89.1%. The payout consistency is a proprietary measure of how consistently a company has paid dividends over its lifetime and blends growth rate, number of dividend payments, interruptions or lowering dividends into one number.
Moderately consistent: SFL has a good track record of consistent dividend payments over its lifetime.

Does SFL have a good Dividend Yield?

SFL`s 11.44% Dividend Yield is considered as very high. This is usually only sustainable for REITs, Asset Managements, MLPs or Covered Call ETFs.

What is the Dividend Payout Ratio of SFL?

The Dividend Payout Ratio of SFL is 415.4%. Dangerously high - this is usually not sustainable and may lead to a dividend cut or NAV decline.

What is the Dividend Rating of SFL?

SFL`s Overall Dividend Rating is 84.49%. Ratings surpassing 65% are regarded as acceptable, exceeding 75% are favorable and surpassing 85% are strong.

SFL Outstanding Shares Analysis

What is the Trend in SFL's Outstanding Shares?

SFL's outstanding shares have increased by approximately 2.78% annually over the past 3 years (Trend Reliability: 33.3%).

Neutral: Share count is relatively stable with minor dilution. This has minimal impact on dividend per share calculations.

Has SFL ever had a Stock Split?

No stock splits on record. The share count changes shown above reflect buybacks, new issuance, or employee compensation rather than structural splits.

Year Number of Shares Annual Growth Rate
2004 74,611,000
2005 72,827,100 -2.39%
2006 72,743,700 -0.11%
2007 72,743,700
2008 72,743,700
2009 78,845,900 +8.39%
2010 79,125,000 +0.35%
2011 79,127,200 +0%
2012 84,768,500 +7.13%
2013 93,260,000 +10.02%
2014 93,402,300 +0.15%
2015 93,468,000 +0.07%
2016 93,504,600 +0.04%
2017 101,804,600 +8.88%
2018 107,607,200 +5.7%
2019 107,625,500 +0.02%
2020 111,202,200 +3.32%
2021 126,785,500 +14.01%
2022 126,796,300 +0.01%
2023 125,701,200 -0.86%
2024 133,943,000 +6.56%
2025 132,795,200 -0.86%

Key Metric Definitions

Dividend Yield
Annual dividend per share divided by current share price.
Payout Ratio
Percentage of earnings paid as dividends. Below 60% = safe, above 100% = unsustainable.
Payout FCF
Percentage of Free Cash Flow paid as dividends. More reliable than Payout Ratio since it measures actual cash.
Growth Rate (CAGR)
Compound annual growth rate of dividends over the last 5 years.
Consistency
Reliability of dividend payments over lifetime. Penalizes cuts and pauses.
Yield on Cost
Your effective yield if you bought 5 years ago. Shows dividend growth impact over time.
Streak
Consecutive years of dividend payments. 25+ years = Dividend Aristocrat.
Dividend Rating
Proprietary score (0-100) combining yield, growth, safety and consistency.

Last update: 2026-02-03 04:23