Flex LNG Ltd (FLNG, Financial), a leading shipping company specializing in Liquefied Natural Gas (LNG), announced on February 19, 2025, that its shares will trade ex-dividend on the Oslo Stock Exchange (OSE) and the New York Stock Exchange (NYSE). The ex-dividend date for OSE is February 19, 2025, with a dividend of USD 0.75 per share, payable on or about March 10, 2025. For NYSE, the ex-dividend date is February 20, 2025, with the dividend payable on or about March 5, 2025. Flex LNG operates a fleet of thirteen state-of-the-art LNG carriers and is listed on both the NYSE and OSE under the ticker FLNG.
Positive Aspects
- Flex LNG Ltd is providing a substantial dividend of USD 0.75 per share, reflecting strong financial health.
- The company operates a modern fleet with advanced propulsion technology, enhancing fuel efficiency and reducing carbon footprint.
- Flex LNG is listed on major stock exchanges, increasing its visibility and accessibility to investors.
Negative Aspects
- The announcement does not provide detailed financial performance data for the quarter.
- Potential market volatility around ex-dividend dates could affect stock prices temporarily.
Financial Analyst Perspective
From a financial analyst's viewpoint, Flex LNG Ltd's announcement of a USD 0.75 per share dividend is a positive indicator of the company's robust cash flow and commitment to returning value to shareholders. The company's focus on modern, fuel-efficient LNG carriers positions it well in the growing LNG market, potentially leading to sustained profitability. However, investors should consider the lack of detailed quarterly financial data in this announcement when making investment decisions.
Market Research Analyst Perspective
As a market research analyst, the ex-dividend announcement by Flex LNG Ltd highlights the company's strategic positioning in the LNG shipping sector. The use of state-of-the-art vessels with advanced propulsion systems aligns with global trends towards sustainability and efficiency. The dual listing on NYSE and OSE enhances the company's market reach and investor base. However, the market should be monitored for any short-term fluctuations in stock price around the ex-dividend dates.
Frequently Asked Questions
Q: What is the ex-dividend date for Flex LNG shares on the Oslo Stock Exchange?
A: The ex-dividend date for Flex LNG shares on the Oslo Stock Exchange is February 19, 2025.
Q: What is the dividend amount per share announced by Flex LNG?
A: Flex LNG announced a dividend of USD 0.75 per share.
Q: When will the dividend be paid to shareholders on the New York Stock Exchange?
A: The dividend will be paid to shareholders on the New York Stock Exchange on or about March 5, 2025.
Q: How many LNG carriers does Flex LNG operate?
A: Flex LNG operates a fleet of thirteen LNG carriers.
Read the original press release here.
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