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Strategies & Market Trends : Dividend investing for retirement

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To: Steve Felix who wrote (21187)11/25/2014 9:35:42 AM
From: Ditchdigger  Read Replies (1) of 34328
 
SFL reported..Couple of highlights of interest.

"The Board of Directors has declared a quarterly cash dividend of $0.41 per share, and Ship Finance has now
declared dividends for 43 consecutive quarters. The dividend will be paid on or about December 30, 2014 to
shareholders on record as of December 12, 2014. The ex-dividend date at NYSE will be December 10,
2014."

"The Company has five drilling units on long-term fixed-rate bareboat contracts, and the rigs generated
approximately $89 million in aggregate EBITDA in the third quarter of 2014. Based on the fixed-rate
charter structure for the drilling rigs, Ship Finance is not directly impacted by short-term fluctuations in the
drilling market"

"The Suezmax tankers Glorycrown (built 2009) and Everbright (built 2010) are operated in a pool together
with sister-vessels owned by Frontline 2012. In the third quarter, the average charter rate for the vessels was
approximately $20,900 per day, up from $14,300 per day reported in the second quarter. With a
strengthening tanker market in the fourth quarter, the charter rate is expected to improve from the third
quarter levels. "

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