Flex LNG Ltd. (NYSE:FLNG) Shares Will Pay Quarterly Dividend of $0.75

Flex LNG Ltd. (NYSE:FLNG) declared a quarterly dividend on Wednesday, November 11th. Shareholders of record on Friday, November 27th will be given a dividend of $0.75 per share on Thursday, December 10th. This represents a $3.00 dividend on an annualized basis and a yield of 11.8%. The ex-dividend date of this dividend is Friday, November 27th.

Flex LNG has increased its dividend by an average of 0.8% per year over the last three years. Flex LNG has a payout ratio of 137.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

Flex LNG Price Performance

FLNG traded up $0.06 during trading on Wednesday, hitting $25.37. The company’s stock had a trading volume of 988,687 shares, compared to its average volume of 472,302. The company has a current ratio of 2.69, a quick ratio of 2.64 and a debt-to-equity ratio of 2.40. Flex LNG has a twelve month low of $24.14 and a twelve month high of $33.40. The business’s fifty day simple moving average is $29.90 and its 200 day simple moving average is $29.95. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 13.35 and a beta of 0.24.

Flex LNG (NYSE:FLNG) last announced its earnings results on Wednesday, November 11th. The company reported $0.65 EPS for the quarter, beating analysts’ consensus estimates of $0.64 by $0.01. The business had revenue of $97.38 million during the quarter, compared to analysts’ expectations of $95.34 million. Flex LNG had a return on equity of 14.88% and a net margin of 28.50%.

More Flex LNG News

Here’s some of the latest news about FLNG:

• Positive Sentiment: Flex LNG reported Q3 earnings of $0.65 per share, slightly above the $0.64 consensus, and revenue of $97.38 million versus estimates of $95.34 million. Earnings report
• Neutral Sentiment: Flex LNG guided to 2026 revenue of $345 million to $370 million, with the range’s midpoint nearly matching the $357.6 million analyst consensus.
• Negative Sentiment: Despite beating quarterly estimates, revenue was reported as lower than the prior-year period, and coverage highlighted pressure on charter rates. Those factors may limit the positive impact of the earnings beat. Flex LNG Q3 earnings coverage

Flex LNG Company Profile

Flex LNG Ltd. is an international shipping company focused on the transportation of liquefied natural gas (LNG). The company owns and operates LNG carriers that move natural gas by sea between producers and customers around the world. Flex LNG charters its vessels to energy companies and other participants in the LNG market. Its fleet includes ships equipped with modern propulsion technologies designed for efficient LNG transportation. Founded in 2006, Flex LNG is incorporated in Bermuda and has operations managed from Oslo, Norway.