Dividend Information for FLEX LNG: Key Insights Before the Ex-Dividend Date on Jun 6, 2025
CashCowMonday, Jun 2, 2025 10:02 pm ET
1min readFLEX LNG (FLNG) has announced a cash dividend of $0.750 per share, with the ex-dividend date set for Jun 6, 2025, and the payment date scheduled for Jun 20, 2025. This dividend is notably higher than the average of the last ten dividends, which stood at $0.555 per share. The announcement was made on May 21, 2025. The company's most recent dividend, paid on Mar 5, 2025, was the same amount of $0.750 per share, also distributed as a cash dividend.
Over the past week, FLEX LNG has been actively involved in significant financial maneuvers. Recently, the company finalized a $175 million lease financing for its Flex Courageous LNG carrier, which is expected to release $120 million in net proceeds while extending debt maturities. Additionally, FLEX LNG successfully completed a $175 million JOLCO lease financing for the same vessel, generating $42 million in net proceeds and extending debt maturity to 2035. Analysts have indicated that these refinancing efforts are poised to strengthen the company's financial position, reducing overall costs and enhancing operational flexibility.
Another noteworthy development emerged as FLEX LNG's shares crossed above their 200-day moving average of $24.27, reaching as high as $24.49 per share in recent trading. This movement in the stock price reflects positive investor sentiment and could be influenced by the company's robust refinancing activities. The company's fleet of thirteen modern LNG carriers continues to support its operations, equipped with the latest generation two-stroke propulsion technologies, which reinforces its competitive stance in the LNG shipping industry.
In conclusion, FLEX LNG is positioned for growth and stability with its recent financial strategies and operational advancements. Investors should note that the ex-dividend date of Jun 6, 2025, marks the last opportunity to purchase shares and receive the current dividend payout. Any acquisitions made after this date will not be eligible for the upcoming dividend distribution.
Over the past week, FLEX LNG has been actively involved in significant financial maneuvers. Recently, the company finalized a $175 million lease financing for its Flex Courageous LNG carrier, which is expected to release $120 million in net proceeds while extending debt maturities. Additionally, FLEX LNG successfully completed a $175 million JOLCO lease financing for the same vessel, generating $42 million in net proceeds and extending debt maturity to 2035. Analysts have indicated that these refinancing efforts are poised to strengthen the company's financial position, reducing overall costs and enhancing operational flexibility.
Another noteworthy development emerged as FLEX LNG's shares crossed above their 200-day moving average of $24.27, reaching as high as $24.49 per share in recent trading. This movement in the stock price reflects positive investor sentiment and could be influenced by the company's robust refinancing activities. The company's fleet of thirteen modern LNG carriers continues to support its operations, equipped with the latest generation two-stroke propulsion technologies, which reinforces its competitive stance in the LNG shipping industry.
In conclusion, FLEX LNG is positioned for growth and stability with its recent financial strategies and operational advancements. Investors should note that the ex-dividend date of Jun 6, 2025, marks the last opportunity to purchase shares and receive the current dividend payout. Any acquisitions made after this date will not be eligible for the upcoming dividend distribution.
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