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.

ABGSC Shipping & Transport Research ... (+3)
  • ABGSC Shipping & Transport Research
  • Martin Mauseth
  • Petter Haugen
ABGSC Shipping & Transport Research ... (+3)
  • ABGSC Shipping & Transport Research
  • Martin Mauseth
  • Petter Haugen
ABGSC Shipping & Transport Research ... (+3)
  • ABGSC Shipping & Transport Research
  • Martin Mauseth
  • Petter Haugen
Jørgen Lian
  • Jørgen Lian

Another abrupt change

The US Trade Representative on 17 April published revised US port fees with significant changes to the initial proposal based on industry feedback. In its current form, the fees will primarily discourage use of Chinese-controlled maritime trade services to the US, and directly affect the use of Chinese-built vessels in US ports (with several considerable exemptions to avoid harm to US trade). The previous broader fees based on fleet composition and share of Chinese-built vessels has been scrappe...

Jørgen Lian
  • Jørgen Lian

Flex LNG (Buy, TP: NOK320.00) - Set to hold course on 14% DPS yield

With ~90% of days fixed for 2025 and 2026, and a cash balance of 11x its ‘regular’ quarterly dividend, Flex LNG’s USD0.75 DPS looks insulated from market storm, offering a compelling 14% yield. Additionally, we expect freight markets to recover from 2026, with current newbuild prices implying a long-term TC contract of cUSD90k/day to justify the investment, in our opinion supporting a firm long-term rate outlook. We reiterate our BUY but have cut our target price to NOK320 (340).

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