Flex LNG Ltd., through its subsidiaries, engages in the seaborne transportation of liquefied natural gas (LNG) worldwide. As of February 16, 2022, it owned and operated nine M-type electronically controlled gas injection LNG carriers; and four vessels with generation X dual fuel propulsion systems. It also provides chartering and management services. Flex LNG Ltd. was incorporated in 2006 and is based in Hamilton, Bermuda.
FLEX LNG Dividend Announcement
• FLEX LNG announced a quarterly dividend of $0.75 per ordinary share which will be made payable on 2024-12-11. Ex dividend date: 2024-11-27
• FLEX LNG annual dividend for 2024 was $3.00
• FLEX LNG annual dividend for 2023 was $3.12
• FLEX LNG's trailing twelve-month (TTM) dividend yield is 13.4%
• FLEX LNG's payout ratio for the trailing twelve months (TTM) is 179.79%
FLEX LNG Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-27 | $0.75 | quarterly | 2024-12-11 |
2024-08-29 | $0.75 | quarterly | 2024-09-12 |
2024-06-10 | $0.75 | quarterly | 2024-06-21 |
2024-02-22 | $0.75 | quarterly | 2024-03-08 |
2023-11-27 | $0.88 | quarterly | 2023-12-08 |
2023-08-30 | $0.75 | quarterly | 2023-09-05 |
2023-05-30 | $0.75 | quarterly | 2023-06-16 |
2023-02-22 | $0.75 | quarterly | 2023-03-07 |
2022-11-30 | $0.75 | quarterly | 2022-12-09 |
2022-09-07 | $1.25 | quarterly | 2022-09-13 |
2022-05-24 | $0.75 | quarterly | 2022-06-10 |
2022-03-01 | $0.75 | quarterly | 2022-03-18 |
2021-12-01 | $0.75 | quarterly | 2021-12-14 |
2021-09-01 | $0.40 | quarterly | 2021-09-16 |
2021-06-01 | $0.40 | quarterly | 2021-06-16 |
2021-03-02 | $0.30 | quarterly | 2021-03-17 |
2020-12-02 | $0.10 | quarterly | 2020-12-17 |
2020-03-10 | $0.10 | quarterly | 2020-03-25 |
2019-12-04 | $0.10 | quarterly | 2019-12-18 |
FLEX LNG Dividend per year
FLEX LNG Dividend growth
FLEX LNG Dividend Yield
FLEX LNG current trailing twelve-month (TTM) dividend yield is 13.4%. Interested in purchasing FLEX LNG stock? Use our calculator to estimate your expected dividend yield:
FLEX LNG Financial Ratios
FLEX LNG Dividend FAQ
Other factors to consider when evaluating FLEX LNG as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: FLEX LNG's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, FLEX LNG publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, FLEX LNG distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from FLEX LNG are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: FLEX LNG sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, FLEX LNG distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: FLEX LNG declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of FLEX LNG's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review FLEX LNG's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.