Ship Finance International Ltd (Buy, TP: USD14.70) - 15 years of dividends and counting
Ship Finance has paid dividends every quarter for more than 15 years, having safely navigated volatile shipping and offshore markets. In our view, it offers attractive, diversified exposure in a growing sector, and we believe it will maintain a solid dividend yield to attract yield-oriented investors looking for shipping exposure. We initiate coverage with a BUY and USD14.7 target price.
DNB Markets is the investment banking arm of DNB Bank ASA and is focused primarily on the Nordic region, as well as internationally on niches such as global shipping, energy and related services, and seafood. DNB Markets offers services in FICC, Equities and Investment Banking advisory from offices in Oslo, Stockholm, London, Singapore and New York. Equity research coverage is offered on c250 Nordic companies. DNB was ranked no.2 in Extel Nordic Research 2017. The DNB Markets’ Credit and FICC Macro & FX Research teams are repeatedly highly rated by Prospera Nordic Institutional Investor Surveys.
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