Ship Finance International Limited (SFL) announced its preliminary financial results for the third-quarter ended September 30, 2009. Net income was $33.97 million or $0.44 per basic share, compared to $47.44 million or $0.65 per basic share in the same quarter last year. Adjusted net income for the latest quarter was $36.3 million or $0.47 per share.
Total operating revenues for the quarter declined to $80.22 million, from $114.30 million in the year ago quarter. Analysts polled by Thomson Reuters expected the company to report revenues of $94.51 million for the quarter. Analysts' estimates typically exclude special items.
The Board of Directors has declared a quarterly dividend of $0.30 per share in cash, or, at the election of the shareholder, payable in newly issued common shares. The dividend will be paid on or about January 27, 2010 to shareholders of record as of December 8, 2009. The ex-dividend date will be December 4, 2009.
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