Good day, and thank you for standing by. Welcome to the Q4 2021 SFL Corporation earnings conference call. At this time, all participants are in an only listen-only mode. After the speakers’ presentation, there will be a question-and-answer session.
[Operator instructions] Please be advised that today’s conference is being recorded. [Operator instructions] I would now like to turn the conference over to your speaker today, Ole Hjertaker. Please go ahead.
Thank you, and welcome to SFL’s fourth quarter conference call. I will start the call by briefly going through the highlights of the quarter and following that, our CFO, Aksel Olesen will take us through the financials and the call will be concluded by opening up for questions. Before we begin our presentation, I would like to note that this conference call will contain forward-looking statements within the meaning of the US Private Securities Litigation Reform Act of 1995. Words such as expects, anticipates, intends, estimates, or similar expressions are intended to identify these forward-looking statements.
Forward-looking statements are not guarantees of future performance. These statements are based on our current plans and expectations and are inherently subject to risks and uncertainties that could cause future activities or results of operations to be materially different from those set forth in the forward-looking statements. Important factors that could cause actual results to differ include, but are not limited to, conditions in the shipping, offshore, and credit markets. You should therefore not place undue reliance on these forward-looking statements.
Please refer to or filings with the Securities and Exchange Commission for more detailed discussions over risks and uncertainties, which may have a direct bearing on our operating results and our financial condition. The announced dividend of $0.20 per share is an increase of 11% over last quarter’s dividend and represents a dividend yield of around 9% based on the closing price yesterday. This is our 72nd quarterly dividend, and over the years we have paid more than $28 per share in dividends or $2.4 billion in total. And we have an increasing fixed-rate charter backlog supporting continued dividend capacity going forward.
The total charter revenues were $166 million in the quarter, with around 75% of this from vessels and long-term charters at around 25% for vessels employed on short-term charters and in the spot market. This includes or included the seven handysize bulkers we have sold. So going forward, we expect a higher relative share from long-term charters. The EBITDA equivalent cash flow in the quarter was approximately $121 million, or 10% higher than the previous quarter.
