FLNG (Flex LNG) Dividend Payout Ratio: 1.01 (As of Jun. 2026) — 10% Below Median

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Valuation Modestly Overvalued

7 Warning Signs

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What is Flex LNG Dividend Payout Ratio?

Flex LNG FLNG +1.23% 63 Dividend Payout Ratio is 1.01 as of Jun. 2026, which is 10% below its 10-year median of 1.12. GuruFocus rates FLNG with a GF Score™ of 63/100 and a GF Value™ of $26.06 (Modestly Overvalued). The stock has 7 warning signs investors should review. Among 455 Oil & Gas companies, Flex LNG ranks worse than 91.21% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Flex LNG's Dividend Payout Ratio for the months ended in Jun. 2026 was 1.01.

Warning Sign:

If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Flex LNG Ltd is 1.64, which seems too high.

The historical rank and industry rank for Flex LNG's Dividend Payout Ratio or its related term are showing as below:

FLNG' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.33 Med: 1.12 Max: 1.88
Current: 1.64

During the past 13 years, the highest Dividend Payout Ratio of Flex LNG was 1.88. The lowest was 0.33. And the median was 1.12.

FLNG's Dividend Payout Ratio is ranked worse than
91.21% of 455 companies
in the Oil & Gas industry
Industry Median: 0.48 vs FLNG: 1.64

As of today (2026-09-09), the Dividend Yield % of Flex LNG is 9.54%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Flex LNG was 14.71%. The lowest was 1.12%. And the median was 9.62%.

Flex LNG's Dividends per Share for the months ended in Jun. 2026 was $0.75.

During the past 5 years, the average Dividends Per Share Growth Rate was 53.50% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Flex LNG was 146.60% per year. The lowest was 0.00% per year. And the median was 17.50% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

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Flex LNG (NYSE:FLNG) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Flex LNG Dividend Payout Ratio Related Terms

Flex LNG Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Flex LNG's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Flex LNG Dividend Payout Ratio Chart

Flex LNG Annual Data

Trend

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dec24

Dec25

Dividend Payout Ratio

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0.68

1.06

1.18

1.27

1.88

Flex LNG Quarterly Data
	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24	Sep24	Dec24	Mar25	Jun25	Sep25	Dec25	Mar26	Jun26
Dividend Payout Ratio	Get a 7-Day Free Trial															1.63	1.74	1.95	2.80	1.01

FLNG vs GLP, PBT, GEL: Dividend Payout Ratio Comparison

For the Oil & Gas Midstream subindustry, Flex LNG's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Flex LNG Dividend Payout Ratio vs Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Flex LNG's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Flex LNG's Dividend Payout Ratio falls into.

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63GF Score

Flex LNG Ltd FLNG

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Flex LNG Dividend Payout Ratio Calculation

Flex LNG's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2025 )	/	EPS without NRI (A: Dec. 2025 )
	=	3	/	1.593
	=	1.88

Flex LNG's Dividend Payout Ratio for the quarter that ended in Jun. 2026 is calculated as

Dividend Payout Ratio	=	Dividends per Share (Q: Jun. 2026 )	/	EPS without NRI (Q: Jun. 2026 )
	=	0.75	/	0.744
	=	1.01

Frequently Asked Questions Learn more about Dividend Payout Ratio →

What does a Dividend Payout Ratio of 1.01 mean?

Flex LNG (FLNG) has a Dividend Payout Ratio of 1.01 as of Jun. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Flex LNG and its competitors. This is 10% below median its historical median of 1.12. Over the past decade, Flex LNG's Dividend Payout Ratio has ranged from 0.33 to 1.88. According to the industry distribution chart, Flex LNG ranks #415 out of 455 companies in the Oil & Gas industry, placing it in the top 91.2%.

Is Flex LNG's Dividend Payout Ratio too high?

Flex LNG's current Dividend Payout Ratio of 1.01 is 10% below median its 10-year median of 1.12. Over the past 10 years, this metric has ranged from a low of 0.33 to a high of 1.88. The Oil & Gas industry median Dividend Payout Ratio is 0.48. Flex LNG's value of 1.01 is 110.4% above this industry median. Based on the distribution chart, Flex LNG ranks #415 out of 455 companies in the Oil & Gas industry, which is in the bottom quartile relative to peers. Overall, Flex LNG has a GF Score™ of 63/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.

How does Flex LNG's Dividend Payout Ratio compare to GLP and PBT?

According to the Oil & Gas industry distribution chart, Flex LNG ranks #415 out of 455 companies for Dividend Payout Ratio. This places Flex LNG in the lower half of its industry. The industry median Dividend Payout Ratio is 0.48. Flex LNG's value of 1.01 is 110.4% above this benchmark. Historically, Flex LNG's own Dividend Payout Ratio has ranged from 0.33 to 1.88 over the past decade. While the company's 10-year median is 1.12 vs. the industry median of 0.48, Flex LNG has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.

What is a good Dividend Payout Ratio for an Oil & Gas company?

The median Dividend Payout Ratio among Oil & Gas companies is 0.48, based on 455 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Flex LNG's current Dividend Payout Ratio of 1.01 is 110.4% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.

What does a high Dividend Payout Ratio mean?

A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Flex LNG and its competitors. For the Oil & Gas industry, the median Dividend Payout Ratio is 0.48 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Flex LNG's current Dividend Payout Ratio is 1.01, which is 10% below median its own 10-year median of 1.12. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.

Is Flex LNG stock overvalued right now?

Based on GuruFocus' analysis, Flex LNG (FLNG) is currently considered Modestly Overvalued. The stock's GF Value™ is $26.06, compared to a current price of $31.36 — trading 20.3% above its estimated fair value. The current Dividend Payout Ratio is 1.01, which is 10% below median its 10-year median of 1.12 and 110.4% above the Oil & Gas industry median of 0.48. Flex LNG's overall GF Score™ is 63/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.

How is Dividend Payout Ratio calculated?

Dividend Payout Ratio is calculated from a company's financial statements. For Flex LNG (FLNG), the current Dividend Payout Ratio is 1.01 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Flex LNG (FLNG) Overvalued in 2026?

Based on GuruFocus' analysis, Flex LNG stock appears to be overvalued. The current stock price of $31.36 is trading 20.3% above its estimated GF Value™ of $26.06. GuruFocus considers Flex LNG to be Modestly Overvalued.

Key valuation signals for FLNG:

Dividend Payout Ratio: 1.01 (10% below median its 10-year median of 1.12)
GF Value™: $26.06 vs. price of $31.36 (20.3% above fair value)
GF Score™: 63/100 with 7 warning signs
Industry Position: 110.4% above the Oil & Gas median (#415 of 455)

No single metric tells the full story. See the FLNG stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

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Flex LNG Business Description

Industry Energy Oil & Gas

Comparable Companies GLP PBT GEL NAT NVGS TEN LPG EE NGL TK TSX:ENB WMB EPD ET KMI TSX:TRP TRGP MPLX OKE LNG

Other Exchanges 0QQA:Germany

Address 14 Par-la-Ville Road, Par-la-Ville Place, Hamilton, BMU, HM08

Website https://www.flexlng.com

Flex LNG Ltd is an LNG shipping company with a fleet of next-generation LNG carriers with large cargo capacity. The company's fleet consists of several LNG carriers on the water, and all of its vessels are of the latest generation equipped with two-stroke propulsion. Its fleet consists of M-type, Electronically Controlled, Gas Injection (MEGI) LNG carriers and Generation X Dual Fuel (X-DF) LNG carriers, offering improvements in fuel efficiency and thus also carbon footprint compared to the older steam and four-stroke propelled ships. The company has one reportable segment: vessel operations, which generates revenue from the chartering of vessels to customers.

63GF Score

Get the complete analysis for FLNG

Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

$31.36

Price

$26.06

GF Value

View FLNG Analysis

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