SFL Corp Reports Q1 2024 Results and Dividend

TL;DR

SFL Corp Q1 revenue $174.2M, net income $52.1M. Dividend $0.20/share.

AI Summary

SFL Corporation Ltd. (SFL) filed a Form 6-K on April 30, 2024, to report a press release dated April 29, 2024. The press release details the company's first quarter 2024 financial results, including total operating revenues of $174.2 million and a net income of $52.1 million. SFL also announced a quarterly cash dividend of $0.20 per share, payable on or about May 29, 2024, to shareholders of record as of May 15, 2024.

Why It Matters

This filing provides investors with key financial performance indicators for SFL Corp's first quarter of 2024, including revenue and net income, and announces a shareholder dividend, impacting investor returns.

Risk Assessment

Risk Level: low — This is a routine financial reporting filing (6-K) that primarily discloses financial results and dividend information, with no immediate indication of significant new risks.

Key Numbers

• $174.2M — Q1 2024 Operating Revenues (Indicates the company's top-line performance for the quarter.)
• $52.1M — Q1 2024 Net Income (Represents the company's profitability for the quarter.)
• $0.20 — Quarterly Cash Dividend (Amount returned to shareholders per share.)

Key Players & Entities

• SFL Corporation Ltd. (company) — Registrant
• SFL (company) — Abbreviated name
• April 30, 2024 (date) — Filing date
• April 29, 2024 (date) — Press release date
• $174.2 million (dollar_amount) — Q1 2024 operating revenues
• $52.1 million (dollar_amount) — Q1 2024 net income
• $0.20 per share (dollar_amount) — Quarterly cash dividend
• May 29, 2024 (date) — Dividend payment date
• May 15, 2024 (date) — Dividend record date

FAQ

Key Financial Figures

• $800,000 — a total amount of fees not to exceed US$800,000 for the year ended December 31, 2024.

Filing Documents

• sflpressreleaseapril292024.htm (6-K) — 24KB
• 0001289877-24-000026.txt ( ) — 25KB

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. SFL CORPORATION LTD. Date April 30, 2024 By s Ole B. Hjertaker Name Ole B. Hjertaker Title SFL Management AS (Principal Executive Officer) EXHIBIT 1 SFL - 2024 AGM Results Notification SFL Corporation Ltd. (NYSE SFL) ("SFL" or the "Company") advises that the 2024 Annual General Meeting of the Company was held on April 29, 2024, at 945 hours at Hamilton Princess and Beach Club, 76 Pitts Bay Road, Hamilton HMCX, Bermuda. The audited consolidated financial statements for the Company for the year ended December 31, 2023, were presented to the Meeting. In addition, the following resolutions were passed 1. To set the maximum number of Directors to be not more than eight. 2. To resolve that vacancies in the number of Directors be designated as casual vacancies and that the Board of Directors be authorised to fill such vacancies as and when it deems fit. 3. To re-elect Kathrine Fredriksen as a Director of the Company. 4. To re-elect Gary Vogel as a Director of the Company. 5. To re-elect Keesjan Cordia as a Director of the Company. 6. To re-elect James O'Shaughnessy as a Director of the Company. 7. To re-elect Ole Hjertaker as a Director of the Company. 8. To re-elect Will Homan-Russell as a Director of the Company. 9. To re-appoint Ernst Young AS as auditors and to authorise the Directors to determine their remuneration. 10. To approve the remuneration of the Company's Board of Directors of a total amount of fees not to exceed US$800,000 for the year ended December 31, 2024. April 29, 2024 The Board of Directors SFL Corporation Ltd. Hamilton, Bermuda About SFL SFL has a unique track record in the maritime industry and has paid dividends every quarter since its initial listing on the New York Stock Exchange in 2004. The Company's fleet

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View this 6-K filing on SEC EDGAR