Flex LNG Ltd. (NASDAQ:FLNG) announced a semi-annual dividend on Thursday, November 19th, Wall Street Journal reports. Investors of record on Thursday, December 3rd will be paid a dividend of 0.10 per share on Thursday, December 17th. This represents a yield of 5.4%. The ex-dividend date is Wednesday, December 2nd.
Flex LNG has a payout ratio of 76.9% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall.
NASDAQ FLNG opened at $7.98 on Monday. Flex LNG has a twelve month low of $3.40 and a twelve month high of $11.80. The company has a market cap of $431.74 million and a price-to-earnings ratio of 4.56. The business’s fifty day moving average is $6.99 and its 200 day moving average is $5.69.
Flex LNG (NASDAQ:FLNG) last released its quarterly earnings data on Tuesday, November 17th. The company reported $0.02 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.06.
A number of equities research analysts recently commented on the stock. Danske raised shares of Flex LNG from a “sell” rating to a “hold” rating in a report on Tuesday, November 17th. DNB Markets raised shares of Flex LNG from a “hold” rating to a “buy” rating in a report on Tuesday, September 1st. Finally, BidaskClub cut shares of Flex LNG from a “buy” rating to a “hold” rating in a report on Sunday, November 1st.
About Flex LNG
Flex LNG Ltd., through its subsidiaries, engages in the seaborne transportation of liquefied natural gas (LNG) worldwide. As of December 31, 2019, it owned and operated six LNG carriers. It also provides chartering and management services. Flex LNG Ltd. was founded in 2006 and is based in Hamilton, Bermuda.
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