By Marc Lichtenfeld With interest rates careening lower, high yields become even more enticing.
So it’s understandable that investors would be excited about an 11.3% yield. But should SFL Corp. (NYSE: SFL) shareholders expect to continue to receive that juicy yield in the future?
SFL owns and operates 80 tankers, bulkers and other shipping vessels. Currently, its ships are in the waters off six continents.
The company’s cash flow finally turned in the right direction last year. After several years of free cash flow below $100 million, SFL burned through nearly $1 billion in 2018 thanks to the purchase of vessels.
In 2019, however, it righted the …read more
