FLEX LNG Q4: Bankable Dividend In Turbulent Waters [Seeking Alpha]
FLEX LNG Ltd. Ordinary Shares (FLNG)
Company Research
Source: Seeking Alpha
The company's strong liquidity position and FCFE generation are key to the $0.75 per share dividend distribution despite challenges in the LNG spot market. Investors should tread with caution since any prolonged price weakness may prompt management to adjust the distribution strategy to a more sustainable yield. Key Takeaway In my previous equity research note on Flex LNG ( NYSE: FLNG ) from February 2023, I recommended the company with a Hold as a robust investment choice within the shipping sector, particularly for investors seeking a stable dividend income stream. Since that assessment, Flex LNG has distributed approximately $170 million or $3.875 per share, consistent with my initial expectations. Upon revisiting my analysis, almost a year later, I find that not much has changed over the past year, except for shifts in LNG market fundamentals. Despite a challenging outlook for the LNG spot market, FLNG is well-positioned to sustain a quarterly dividend of $0.75 per share.
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FLNG
News
- Flex LNG - Mandatory notification of trade by PDMR [Yahoo! Finance]Yahoo! Finance
- Flex LNG - Mandatory notification of trade by PDMRPR Newswire
- FLEX LNG: Bet On Resilient Demand For LNG Carriers [Seeking Alpha]Seeking Alpha
- Flex LNG - Time Charter for Flex Endeavour extended to 2032 [Yahoo! Finance]Yahoo! Finance
- Flex LNG - Time Charter for Flex Endeavour extended to 2032PR Newswire
FLNG
Earnings
- 2/7/24 - Beat
FLNG
Sec Filings
- 4/23/24 - Form 6-K
- 4/16/24 - Form 6-K
- 3/5/24 - Form 20-F
- FLNG's page on the SEC website