FLEX LNG: 12% Yield, Tailwinds [Seeking Alpha]
FLEX LNG Ltd. Ordinary Shares (FLNG)
Company Research
Source: Seeking Alpha
Summary FLEX LNG Ltd. benefited from higher LNG prices and shipping rates post-Russia's 2022 invasion of Ukraine, securing long-term charters and raising dividends. Despite a slight drop in Q2 '24 earnings due to lower TCE rates and derivative losses, adjusted net income increased. FLNG's forward dividend yield is around 12%, with a solid cash position and manageable debt, but its stock has underperformed recently. Given current uncertainties, I rate FLNG a Hold, awaiting the next dividend declaration and earnings release around 11/7/24. Looking for more investing ideas like this one? Get them exclusively at Hidden Dividend Stocks Plus. Learn More » Suphanat Khumsap Russia's 2022 invasion of Ukraine forced most European countries to change their buying patterns, which, in turn, gave liquid natural gas a big surge in price. The altered logistics also pushed LNG shipping prices up, benefiting LNG vessel owners such as Looking for solid high yield income? The Hidden Divi
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FLNG
News
- Flex LNG - Company presentation October 2024 [Yahoo! Finance]Yahoo! Finance
- Flex LNG - Company presentation October 2024PR Newswire
- FLEX LNG: LNG Shipping Idea For Income-Minded Investors; Rating Unchanged [Seeking Alpha]Seeking Alpha
- Flex LNG finalizes $430M in financing [Seeking Alpha]Seeking Alpha
- Flex LNG finalize $430 million in new financingsPR Newswire
FLNG
Earnings
- 8/14/24 - Beat
FLNG
Sec Filings
- 10/2/24 - Form F-3ASR
- 9/23/24 - Form 6-K
- 8/15/24 - Form 6-K
- FLNG's page on the SEC website