SFL (HAM:UG6) Dividend Payout Ratio: 1.97 (As of Mar. 2026) — 34% Above Median

SFL HAM:UG6 +0.67% 82 Dividend Payout Ratio is 1.97 as of Mar. 2026, which is 34% above its 10-year median of 1.47. GuruFocus rates HAM:UG6 with a GF Score™ of 82/100 and a GF Value™ of €8.29. The stock has 10 warning signs investors should review. Among 566 Transportation companies, SFL ranks worse than 98.94% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. SFL's Dividend Payout Ratio for the months ended in Mar. 2026 was 1.97.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of SFL Corp Ltd is 4.73, which seems too high.

The historical rank and industry rank for SFL's Dividend Payout Ratio or its related term are showing as below:

HAM:UG6' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.63 Med: 1.47 Max: 18.43
Current: 4.73

During the past 13 years, the highest Dividend Payout Ratio of SFL was 18.43. The lowest was 0.63. And the median was 1.47.

HAM:UG6's Dividend Payout Ratio is ranked worse than
98.94% of 566 companies
in the Transportation industry
Industry Median: 0.45 vs HAM:UG6: 4.73

As of today (2026-07-02), the Dividend Yield % of SFL is 7.87%.

During the past 13 years, the highest Trailing Annual Dividend Yield of SFL was 19.42%. The lowest was 5.96%. And the median was 10.33%.

SFL's Dividends per Share for the months ended in Mar. 2026 was €0.17.

During the past 12 months, SFL's average Dividends Per Share Growth Rate was -19.40% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 2.20% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 4.00% per year. During the past 10 years, the average Dividends Per Share Growth Rate was -7.30% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of SFL was 27.80% per year. The lowest was -23.40% per year. And the median was -2.20% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

SFL (HAM:UG6) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

SFL Dividend Payout Ratio Related Terms

SFL Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for SFL's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

SFL Dividend Payout Ratio Chart

SFL Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Dividend Payout Ratio

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0.63

0.75

1.61

1.10

18.67

SFL Quarterly Data
	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26
Dividend Payout Ratio	Get a 7-Day Free Trial															0.00	26.00	2.98	7.77	1.97

HAM:UG6 vs GSL, CCEC, CMRE: Dividend Payout Ratio Comparison

For the Marine Shipping subindustry, SFL's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

SFL Dividend Payout Ratio vs Transportation Industry

For the Transportation industry and Industrials sector, SFL's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where SFL's Dividend Payout Ratio falls into.

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82GF Score

SFL Corp Ltd HAM:UG6

Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.

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SFL Dividend Payout Ratio Calculation

SFL's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2025 )	/	EPS without NRI (A: Dec. 2025 )
	=	0.803	/	0.043
	=	18.67

SFL's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Mar. 2026 )	/	EPS without NRI (Q: Mar. 2026 )
	=	0.173	/	0.088
	=	1.97

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 1.97 mean?

SFL (HAM:UG6) has a Dividend Payout Ratio of 1.97 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on SFL and its competitors. This is 34% above median its historical median of 1.47. Over the past decade, SFL's Dividend Payout Ratio has ranged from 0.63 to 18.43. According to the industry distribution chart, SFL ranks #560 out of 566 companies in the Transportation industry, placing it in the top 98.9%.

Is SFL's Dividend Payout Ratio too high?

SFL's current Dividend Payout Ratio of 1.97 is 34% above median its 10-year median of 1.47. Over the past 10 years, this metric has ranged from a low of 0.63 to a high of 18.43. The Transportation industry median Dividend Payout Ratio is 0.45. SFL's value of 1.97 is 337.8% above this industry median. Based on the distribution chart, SFL ranks #560 out of 566 companies in the Transportation industry, which is in the bottom quartile relative to peers. Overall, SFL has a GF Score™ of 82/100, reflecting its overall financial health beyond just this single metric.

How does SFL's Dividend Payout Ratio compare to GSL and CCEC?

According to the Transportation industry distribution chart, SFL ranks #560 out of 566 companies for Dividend Payout Ratio. This places SFL in the lower half of its industry. The industry median Dividend Payout Ratio is 0.45. SFL's value of 1.97 is 337.8% above this benchmark. Historically, SFL's own Dividend Payout Ratio has ranged from 0.63 to 18.43 over the past decade. While the company's 10-year median is 1.47 vs. the industry median of 0.45, SFL has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Dividend Payout Ratio for a Transportation company?

The median Dividend Payout Ratio among Transportation companies is 0.45, based on 566 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. SFL's current Dividend Payout Ratio of 1.97 is 337.8% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Dividend Payout Ratio mean?

A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on SFL and its competitors. For the Transportation industry, the median Dividend Payout Ratio is 0.45 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. SFL's current Dividend Payout Ratio is 1.97, which is 34% above median its own 10-year median of 1.47. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is SFL stock overvalued right now?

SFL (HAM:UG6) has a current Dividend Payout Ratio of 1.97. The stock's GF Value™ is €8.29, compared to a current price of €9.04 — trading 9% above its estimated fair value. The current Dividend Payout Ratio is 1.97, which is 34% above median its 10-year median of 1.47 and 337.8% above the Transportation industry median of 0.45. SFL's overall GF Score™ is 82/100 with 10 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Dividend Payout Ratio calculated?

Dividend Payout Ratio is calculated from a company's financial statements. For SFL (HAM:UG6), the current Dividend Payout Ratio is 1.97 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is SFL (HAM:UG6) Overvalued in 2026?

Based on GuruFocus' analysis, SFL stock appears to be overvalued. The current stock price of €9.04 is trading 9% above its estimated GF Value™ of €8.29.

Key valuation signals for HAM:UG6:

Dividend Payout Ratio: 1.97 (34% above median its 10-year median of 1.47)
GF Value™: €8.29 vs. price of €9.04 (9% above fair value)
GF Score™: 82/100 with 10 warning signs
Industry Position: 337.8% above the Transportation median (#560 of 566)

No single metric tells the full story. See the HAM:UG6 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

SFL Business Description

Industry Industrials Transportation

Comparable Companies GSL CCEC CMRE GNK NMM SB ASC DAC ESEA PANL BOM:532921 OCSE:MAERSK B HKSE:01919 PHS:ICT XTER:HLAG SHSE:600018 TSE:9101 TPE:2603 ADX:ADNOCLS XKRX:011200

Other Exchanges SFL:USA UG6:Germany

Address 14 Par-la-Ville Road, Par-la-Ville Place, P.O. Box HM 1593, Hamilton, BMU, HM 08

Website https://www.sflcorp.com

SFL Corp Ltd is an international ship-owning and chartering company. The company is engaged in transporting crude oil and oil products, dry bulk and containerized cargoes, freight of rolling cargo, and offshore drilling and related activities. The company operates as a single reportable segment, generating revenue from long-term, fixed-rate charters. Its Additional revenue sources include sales-type lease interest income, voyage charter and pool revenues, and drilling contract revenues.

82GF Score

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Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

€9.04

Price

€8.29

GF Value

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