SmarterDividends
SFL

SFL Corporation Ltd.

SFL

Industrials · Marine Shipping · Stock · quarterly payer

$12.77

Undervalued · +50% Add to Portfolio

Forward Yield

6.89%

Annual Dividend

$0.88

Payout Ratio

173%

5-Yr Growth

1.6%

Ex-Date

Sep 9, 2026

Frequency

Quarterly

Key facts about SFL's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 27, 2026, SFL Corporation Ltd. (SFL) has a forward dividend yield of 6.89%, based on an annual dividend of $0.88 per share and a share price of $12.77.
  • As of Oct 27, 2026, SFL's dividend safety grade from SmarterDividends is D (47 out of 100), which rates the dividend as unsafe.
  • By SmarterDividends' count, SFL Corporation Ltd. (SFL) has raised its dividend for 4 consecutive years as of Oct 27, 2026.
  • SFL last cut its regular dividend in 2021.
  • SFL's most recent ex-dividend date was Sep 9, 2026, for a dividend of $0.22 per share.
  • As of Oct 27, 2026, SFL pays out 173% of its trailing 12-month earnings as dividends (its payout ratio).
  • SFL's dividend has grown at an average rate of 1.6% a year over the past five years.
  • As of Oct 27, 2026, SFL's 6.89% yield is 17% below its five-year average yield of 8.33%.
  • As of Oct 27, 2026, SmarterDividends' blended fair-value estimate for SFL is $19.16 per share, 50% above the $12.77 share price, so SFL screens as undervalued.
  • SFL Corporation Ltd. (SFL) pays its dividend quarterly, 4 times a year.
  • SFL Corporation Ltd. (SFL) has raised its regular dividend 29 times and cut it 5 times across the 87 payments on record since 2004. Its most recent change was a 10.0% increase to $0.220 per share, going ex-dividend on May 27, 2026. The last cut went ex-dividend on Mar 12, 2026.
Cite this page

SmarterDividends, "SFL Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 27, 2026, https://smarterdividends.com/stocks/SFL

Summary

As of Oct 27, 2026, SFL Corporation Ltd. (SFL) yields 6.89% ($0.88 a year per share), has a dividend safety grade of D (47/100) and has 4 consecutive years of dividend increases on record.

Is SFL a good dividend stock?

Mixed

SFL Corporation Ltd. (SFL) pays a quarterly dividend yielding 6.89% ($0.88/yr), with 4 years of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Advantages

  • 52% total price return over 5 years

Risks

  • Cut its dividend in 2021
  • Elevated payout ratio (173%)
  • Below-average dividend safety score

Key Data

Dividend Yield
6.89%
Payout Ratio
173%
Annual Dividend
$0.88
5-Yr Avg Growth
1.6%
Ex-Dividend Date
Sep 9, 2026
Years of Growth
4
Frequency
quarterly
Beta
0.46
Market Cap
$1.8B
P/E Ratio
26.6
5-Yr Total Return
52%
52-Week Range
$6.99 – $13.98
Dividend Safety
D · 47/100
Ever Cut?
Yes (2021)

SFL dividend raises and cuts

SFL Corporation Ltd. (SFL) has raised its regular dividend 29 times and cut it 5 times across the 87 payments on record since 2004. Its most recent change was a 10.0% increase to $0.220 per share, going ex-dividend on May 27, 2026. The last cut went ex-dividend on Mar 12, 2026.

Ex-dateChangeOld → newMove
May 27, 2026Raise$0.200 → $0.220+10.0%
Mar 12, 2026Cut$0.270 → $0.200−25.9%
May 24, 2024Raise$0.260 → $0.270+3.8%
Mar 14, 2024Raise$0.250 → $0.260+4.0%
Dec 14, 2023Raise$0.240 → $0.250+4.2%
Mar 14, 2023Raise$0.230 → $0.240+4.3%
Sep 14, 2022Raise$0.220 → $0.230+4.5%
Jun 14, 2022Raise$0.200 → $0.220+10.0%
Mar 15, 2022Raise$0.180 → $0.200+11.1%
Dec 14, 2021Raise$0.150 → $0.180+20.0%
Dec 11, 2020Cut$0.250 → $0.150−40.0%
Jun 17, 2020Cut$0.350 → $0.250−28.6%
Show all 34 changes since 2004
Ex-dateChangeOld → newMove
Sep 14, 2017Cut$0.450 → $0.350−22.2%
Dec 8, 2015Raise$0.440 → $0.450+2.3%
Sep 10, 2015Raise$0.430 → $0.440+2.3%
Jun 11, 2015Raise$0.420 → $0.430+2.4%
Mar 6, 2015Raise$0.410 → $0.420+2.4%
Jun 10, 2014Raise$0.400 → $0.410+2.5%
Mar 10, 2014Raise$0.390 → $0.400+2.6%
Jun 7, 2011Raise$0.380 → $0.390+2.6%
Mar 9, 2011Raise$0.360 → $0.380+5.6%
Dec 6, 2010Raise$0.350 → $0.360+2.9%
Sep 8, 2010Raise$0.330 → $0.350+6.1%
May 28, 2010Raise$0.300 → $0.330+10.0%
Mar 5, 2009Cut$0.600 → $0.300−50.0%
Dec 19, 2008Raise$0.580 → $0.600+3.4%
Aug 28, 2008Raise$0.560 → $0.580+3.6%
Jun 13, 2008Raise$0.550 → $0.560+1.8%
Jun 6, 2007Raise$0.540 → $0.550+1.9%
Mar 6, 2007Raise$0.530 → $0.540+1.9%
Dec 5, 2006Raise$0.520 → $0.530+1.9%
Aug 29, 2006Raise$0.500 → $0.520+4.0%
Jun 8, 2006Raise$0.450 → $0.500+11.1%
Nov 22, 2004Raise$0.350 → $0.450+28.6%
Every SFL payment →Download every raise and cut (CSV)
SFL ex-dividend date & scheduleNext ex-date Sep 9, 2026 · full ex-dividend historyView →SFL dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is SFL a good dividend stock?

Mixed. SFL Corporation Ltd. (SFL) pays a quarterly dividend yielding 6.89% ($0.88/yr), with 4 years of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Is SFL undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, SFL's fair value is about $19.16 versus a $12.77 share price — so it looks undervalued (+50% vs. fair value).

Is SFL's dividend safe?

SFL has a dividend-safety grade of D (47/100), based on its payout coverage, free-cash-flow, 4-year growth streak, a dividend cut in 2021, debt and yield-versus-history.

What is SFL's fair value?

Our blended fair-value estimate for SFL is about $19.16 per share, roughly 50% above the current $12.77 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is SFL a buy, hold, or sell?

We don't issue formal ratings, but on the data SFL screens as "mixed" and undervalued. SFL Corporation Ltd. (SFL) pays a quarterly dividend yielding 6.89% ($0.88/yr), with 4 years of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal. This is research for your own analysis, not investment advice.

Will SFL cut its dividend?

SFL earns a dividend-safety grade of D (47/100), and has cut its dividend before (last in 2021). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does SFL pay a dividend?

Yes. SFL Corporation Ltd. pays a quarterly dividend of about $0.88 per share annually, a forward yield of roughly 6.89%.

What is SFL's dividend yield?

As of Oct 27, 2026, SFL's forward dividend yield is 6.89%, based on a $0.88 annual dividend and a $12.77 share price.

What is SFL's dividend per share?

As of Oct 27, 2026, SFL pays $0.88 per share per year, distributed on a quarterly basis.

What is SFL's dividend payout ratio?

As of Oct 27, 2026, SFL's payout ratio is 173% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

How many years has SFL grown its dividend?

As of Oct 27, 2026, SFL has increased its dividend for 4 consecutive years.

When is the next SFL ex-dividend date?

As of Oct 27, 2026, SFL's next ex-dividend date hasn't been announced. The most recent was Sep 9, 2026, for $0.22 per share.

Income Calculator

At $0.88 / yr per share

Per payment (quarterly)$22.00
Annual$88.00
Monthly avg$7.33

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