SFL Corp: Dividend Insights
Portfolio Pulse from Benzinga Insights
SFL Corp (NYSE:SFL) has announced a quarterly dividend of 24 cents per share. The stock will go ex-dividend on Wednesday, meaning it will likely open 24 cents lower. Shareholders owning SFL stock by the end of Tuesday's session will be eligible for the dividend, which will be paid out on September 29, 2023.
September 08, 2023 | 2:46 pm
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SFL Corp's announcement of a 24 cents per share dividend may lead to a short-term decrease in the stock price as it goes ex-dividend. However, this is a regular part of the dividend process and not a reflection of the company's performance.
When a company announces a dividend, the stock price typically decreases by roughly the amount of the dividend on the ex-dividend date. This is because new buyers of the stock will not receive the upcoming dividend. However, this is a standard part of the dividend process and does not reflect negatively on the company's performance.
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