FLNG Flex LNG Ltd.

Flex LNG - Ex Date Q3 2023

Flex LNG - Ex Date Q3 2023

November 27, 2023

Hamilton, Bermuda

The shares in Flex LNG Ltd. (Ticker: FLNG) will be traded ex dividend of USD 0.875 per share for the third quarter of 2023 as of today, November 27, 2023.

The dividend will be paid on or about December 5, 2023. Due to the implementation of CSDR in Norway, dividends payable to shares registered with Euronext VPS will be distributed on or about December 8, 2023.

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. We have built up a significant contract backlog, having fixed 12 of our 13 vessels on long term fixed-rate charter contracts and one vessel on variable hire time charter. Flex LNG is listed both on the New York Stock Exchange (NYSE) and Oslo Stock Exchange (OSE) under the ticker "FLNG". For more information, go to:

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



EN
27/11/2023

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Reports on Flex LNG Ltd.

Jørgen Lian
  • Jørgen Lian

A brewing challenge for the yards

Our 17th Annual Energy & Shipping Conference was well attended by investors and industry executives showcasing the still-growing interest for the sectors. Limited yard capacity is fuelling high newbuilding prices and raising freight rate expectations for the vast fleet renewal necessary in the coming decade. Long lead times underpin a bullish supply story for much of shipping in the coming years, albeit exposed to geopolitical risks affecting trade patterns. Our overall impression was general op...

Jørgen Lian
  • Jørgen Lian

Flex LNG (Buy, TP: NOK340.00) - Bankable dividend stream

Due to its sizeable backlog, we find Flex LNG well positioned to maintain a healthy USD0.75 quarterly DPS despite a challenging outlook for LNGC spot markets. In fact, we believe the long-term freight market, reflective of elevated and sticky newbuild prices, should stay above its current backlog and provide a backstop with potential upside to favourable extension options and new contracts. Thus, we believe yesterday’s share price drop was unwarranted and have upgraded to BUY (HOLD) and raised o...

Jørgen Lian
  • Jørgen Lian

Flex LNG (Hold, TP: NOK331.00) - Stable earnings backlog

Flex LNG’s solid contract backlog with only one vessel open from Q2 2024 and all other vessels on contracts until at least Q1 2027 (assuming options are exercised) should support its quarterly USD0.75 DPS for a c10% (12% excluding excess cash) run-rate dividend yield, and mitigate the risk to a possibly weak freight market due to hefty vessel deliveries and modest export growth near-term. However, we expect c22% global export growth in 2026–2027e to alleviate supply headwinds, which fits well wi...

 PRESS RELEASE

Flex LNG - Flex Resolute Time Charter extended by two years from 2025 ...

Flex LNG - Flex Resolute Time Charter extended by two years from 2025 to 2027 Hamilton, Bermuda.January 18, 2024 Flex LNG Ltd. («Flex LNG» or «Company») (NYSE/OSE: FLNG) has received notice that the charterer of Flex Resolute, a super major, has exercised its first extension option. Flex Resolute was fixed on a three-year Time Charter on November 1, 2021, with commencement of the Time Charter in January 2022. Under the Time Charter, the charterer had options to extend the period by up to four additional years in two-year periods. Following this option declaration, Flex Resolute is on a f...

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