- SFL Corporation's results were largely in-line with the second quarter.
- This serves as a testament to the stability afforded to the company due to its business model.
- Seadrill's restructuring had a negative impact on the performance of its offshore drilling assets as the company has begun to exclude them from its reported results.
- The company continues to maintain a very strong contract backlog anchored by long-term contracts with some of the largest shipping companies in the world.
- SFL Corporation generates a copious amount of cash flow and it should easily be able to maintain its dividend.
For further details see:
SFL Corporation: Stability In A Cyclical Industry Despite Dividend Cut