Seeking Alpha

Ship Finance International (SFL -7.3%) slides after last night's news that it increased the size...

Ship Finance International (SFL -7.3%) slides after last night's news that it increased the size of its public offering of convertible senior notes due 2018 announced Jan. 24, by $100M to a total of $350M. Also, SFL says Deutsche Bank priced previously announced fixed-price offering of ~4.2M common shares at $16.50/share.
Comments (1)
  • Herr Hansa
    , contributor
    Comments (3083) | Send Message
     
    Actually not too surprising. Slight pullback under 16.50 and the dividend is safe. In the longer term the additional funding may enable the dividend payout to increase.
    26 Jan 2013, 09:46 PM Reply Like
DJIA (DIA) S&P 500 (SPY)
ETF Hub
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs