FLEX LNG Dividends and Buybacks
Dividend criteria checks 3/6
FLEX LNG is a dividend paying company with a current yield of 11.47%. Next payment date is on 16th December, 2024 with an ex-dividend date of 26th November, 2024.
Key information
11.5%
Dividend yield
-0.1%
Buyback Yield
| Total Shareholder Yield | 11.3% |
| Future Dividend Yield | 11.5% |
| Dividend Growth | 15.7% |
| Next dividend pay date | 16 Dec 24 |
| Ex dividend date | 26 Nov 24 |
| Dividend per share | NOK 3.000 |
| Payout ratio | 176% |
Recent dividend and buyback updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: FLNGO has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: FLNGO's dividend payments have increased, but the company has only paid a dividend for 5 years.
Dividend Yield vs Market
| FLEX LNG Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (FLNGO) | 11.5% |
| Market Bottom 25% (GB) | 2.1% |
| Market Top 25% (GB) | 5.9% |
| Industry Average (Oil and Gas) | 5.2% |
| Analyst forecast (FLNGO) (up to 3 years) | 11.5% |
Notable Dividend: FLNGO's dividend (11.47%) is higher than the bottom 25% of dividend payers in the UK market (2.11%).
High Dividend: FLNGO's dividend (11.47%) is in the top 25% of dividend payers in the UK market (5.87%)
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (175.7%), FLNGO's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: At its current cash payout ratio (87.6%), FLNGO's dividend payments are covered by cash flows.