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Endnu et John Fredriksen selskab med Q4/10 Raport
Ship Finance International Limited (NYSE: SFL) - Earnings Release
Reports preliminary 4Q 2010 results and increased quarterly dividend of $0.38 per share
Hamilton, Bermuda, February 18, 2010. Ship Finance International Limited ("Ship Finance" or the "Company") today announced its preliminary financial results for the quarter ended December 31, 2010.
Highlights
The Board of Directors declared an increased quarterly dividend of $0.38 per share. This is the fourth consecutive dividend increase in the last 12 months.
Net income for the quarter was $30.5 million, or $0.39 per share, including an accrued profit share in the fourth quarter of $2.0 million, or $0.03 per share.
Total accrued profit share for 2010 was $30.6 million and will be payable in March 2011.
In November 2010, the Company agreed to acquire two 57,000 dwt Supramax dry bulk carriers in combination with long-term time charters to Glovis Co. Ltd.
In January 2011, the Company agreed to acquire the modern Jack-up drilling rig Soehanah in combination with a seven-year bareboat charter.
In February 2011, the Company successfully completed an offering of $125 million senior convertible notes due 2016.The notes have an annual coupon of 3.75% and an initial conversion price of $27.05.
In February 2011, the Company agreed to sell two single hull VLCCs which will free up approximately $14.5 million of capital for the Company, after fees, expenses and debt prepayment.
-more here:
http://www.shipfinance.bm/index.php?id=462&pressrelease=1490581.html
------------------------------------------
SFL - 4Q 2010 Presentation:
http://hugin.info/134876/R/1490614/426301.pdf
------------------------------------------
http://www.shipfinance.bm/
Real Time Stock Quotes: Ship Finance International (SFL)
http://www.nasdaq.com/aspx/nasdaqlastsale.aspx?symbol=SFL&selected=SFL
Endnu et John Fredriksen selskab med Q4/10 Raport
Ship Finance International Limited (NYSE: SFL) - Earnings Release
Reports preliminary 4Q 2010 results and increased quarterly dividend of $0.38 per share
Hamilton, Bermuda, February 18, 2010. Ship Finance International Limited ("Ship Finance" or the "Company") today announced its preliminary financial results for the quarter ended December 31, 2010.
Highlights
The Board of Directors declared an increased quarterly dividend of $0.38 per share. This is the fourth consecutive dividend increase in the last 12 months.
Net income for the quarter was $30.5 million, or $0.39 per share, including an accrued profit share in the fourth quarter of $2.0 million, or $0.03 per share.
Total accrued profit share for 2010 was $30.6 million and will be payable in March 2011.
In November 2010, the Company agreed to acquire two 57,000 dwt Supramax dry bulk carriers in combination with long-term time charters to Glovis Co. Ltd.
In January 2011, the Company agreed to acquire the modern Jack-up drilling rig Soehanah in combination with a seven-year bareboat charter.
In February 2011, the Company successfully completed an offering of $125 million senior convertible notes due 2016.The notes have an annual coupon of 3.75% and an initial conversion price of $27.05.
In February 2011, the Company agreed to sell two single hull VLCCs which will free up approximately $14.5 million of capital for the Company, after fees, expenses and debt prepayment.
-more here:
http://www.shipfinance.bm/index.php?id=462&pressrelease=1490581.html
------------------------------------------
SFL - 4Q 2010 Presentation:
http://hugin.info/134876/R/1490614/426301.pdf
------------------------------------------
http://www.shipfinance.bm/
Real Time Stock Quotes: Ship Finance International (SFL)
http://www.nasdaq.com/aspx/nasdaqlastsale.aspx?symbol=SFL&selected=SFL
