Flex LNG Ltd. (FLNG) to Issue Quarterly Dividend of $0.75 on March 12th

Flex LNG Ltd. (NYSE:FLNG) announced a quarterly dividend on Wednesday, February 11th. Shareholders of record on Friday, February 27th will be given a dividend of 0.75 per share on Thursday, March 12th. This represents a c) annualized dividend and a dividend yield of 11.7%. The ex-dividend date is Friday, February 27th.

Flex LNG has increased its dividend by an average of 1.1%per year over the last three years. Flex LNG has a dividend payout ratio of 137.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Flex LNG to earn $2.12 per share next year, which means the company may not be able to cover its $3.00 annual dividend with an expected future payout ratio of 141.5%.

Flex LNG Stock Performance

Shares of NYSE FLNG opened at $25.53 on Friday. The company has a 50-day simple moving average of $25.76 and a 200-day simple moving average of $25.70. The company has a debt-to-equity ratio of 2.39, a current ratio of 3.10 and a quick ratio of 3.05. The company has a market cap of $1.38 billion, a PE ratio of 18.37 and a beta of 0.32. Flex LNG has a 12 month low of $19.46 and a 12 month high of $27.67.

Flex LNG (NYSE:FLNG) last announced its quarterly earnings data on Wednesday, February 11th. The company reported $0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.61 by ($0.18). The firm had revenue of $87.50 million for the quarter, compared to analysts’ expectations of $86.75 million. Flex LNG had a net margin of 21.52% and a return on equity of 13.27%. On average, equities analysts anticipate that Flex LNG will post 1.9 earnings per share for the current year.

Flex LNG News Summary

Here are the key news stories impacting Flex LNG this week:

• Positive Sentiment: Board declared a quarterly cash dividend of $0.75 per share (record Feb 27, pay Mar 12), implying a very high stated yield (~11.5%) that may attract income-focused investors and support the share price floor.
• Neutral Sentiment: Revenue essentially in line with expectations ($87.5M vs. ~$86.8M consensus) and the company reported robust net margin (~28%) and 14% ROE — these operational metrics temper the EPS miss. PR Newswire: Earnings Release
• Neutral Sentiment: Management hosted an earnings presentation and call; slide deck and transcripts are available for details on contracts, fleet utilization and cash flow expectations — useful for investors assessing forward cash generation. SA: Earnings Presentation MSN: Call Transcript
• Negative Sentiment: Reported EPS of $0.43 missed the consensus ~$0.61 (a $0.18 shortfall). The EPS miss is the primary negative catalyst and helps explain downward pressure on the stock following the release. Yahoo Finance: Earnings Call Transcript

Flex LNG Company Profile

Flex LNG Ltd is a Bermuda-registered owner and operator of liquefied natural gas (LNG) carriers, offering shipping services to major energy producers and utilities worldwide. Since its establishment in 2006, the company has focused on building a versatile fleet of modern, eco-efficient LNG vessels designed to meet the growing global demand for lower-emission fuel transportation.

The company’s core activities encompass time-charter contracts, long-term transportation agreements and spot market voyages.