Flex LNG - Ex Date Q3 2024

Rhea-AI Summary

Flex LNG (FLNG) has announced a dividend payment of USD 0.75 per share for Q3 2024. Shares traded on Oslo Stock Exchange will trade ex-dividend on November 26, 2024, with payment expected around December 16, 2024. For NYSE-traded shares, the ex-dividend date is November 27, 2024, with payment scheduled for December 11, 2024. The company operates a fleet of thirteen LNG carriers equipped with modern two-stroke propulsion systems (MEGI and X-DF), offering improved fuel efficiency and reduced carbon footprint compared to older vessels.

Positive

• Quarterly dividend payment of USD 0.75 per share maintained
• Fleet of 13 modern LNG carriers with efficient propulsion systems

Negative

• None.

Insights

Financial Analyst

The quarterly dividend announcement of $0.75 per share maintains FLNG's consistent shareholder return policy. With a market cap of $1.4 billion, this translates to an annualized dividend yield of approximately 8.6%, positioning FLNG as an attractive income stock in the LNG shipping sector. The company's modern fleet of 13 LNG carriers with advanced two-stroke propulsion technology provides a competitive advantage in securing long-term contracts, supporting sustainable dividend payments. The dual-listing on NYSE and OSE offers enhanced liquidity and broader investor access, while the staggered payment dates for different exchanges demonstrate efficient capital management.

HAMILTON, Bermuda, Nov. 26, 2024 /PRNewswire/ -- The shares in Flex LNG Ltd. (Ticker: FLNG) traded on Oslo Stock Exchange ("OSE") and registered with Euronext Securities Oslo will trade ex dividend of USD 0.75 per share as of today, November 26, 2024. The dividend will be paid to shareholders on OSE on or about December 16, 2024.

The shares traded on the New York Stock Exchange ("NYSE") will be traded ex dividend of USD 0.75 per share on November 27, 2024. The dividend will be paid to shareholders on NYSE on or about December 11, 2024.

For further information, please contact:
Mr. Knut Traaholt, Chief Financial Officer of Flex LNG Management AS
Telephone: +47 23 11 40 00
Email: ir@flexlng.com

About Flex LNG

Flex LNG is a shipping company focused on the growing market for Liquefied Natural Gas (LNG). Our fleet consists of thirteen LNG carriers on the water and all of our vessels are state-of-the-art ships with the latest generation two-stroke propulsion (MEGI and X-DF). These modern ships offer significant improvements in fuel efficiency and thus also carbon footprint compared to the older steam and four-stroke propelled ships. Flex LNG is listed on the New York Stock Exchange as well as Oslo Stock Exchange under the ticker FLNG.

This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.

This information was brought to you by Cision http://news.cision.com.

https://news.cision.com/flex-lng/r/flex-lng---ex-date-q3-2024,c4065113

 

View original content:https://www.prnewswire.com/news-releases/flex-lng---ex-date-q3-2024-302316215.html

SOURCE Flex LNG

FAQ

When is Flex LNG (FLNG) Q3 2024 dividend ex-date for Oslo Stock Exchange?

The ex-dividend date for Flex LNG shares traded on Oslo Stock Exchange is November 26, 2024.

What is Flex LNG (FLNG) Q3 2024 dividend amount?

Flex LNG's dividend for Q3 2024 is USD 0.75 per share.

When will Flex LNG (FLNG) pay its Q3 2024 dividend to NYSE shareholders?

Flex LNG will pay the dividend to NYSE shareholders on or about December 11, 2024.

How many LNG carriers does Flex LNG (FLNG) currently operate?

Flex LNG operates a fleet of thirteen LNG carriers equipped with modern two-stroke propulsion systems.