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Flex LNG Reports Strong Q1 Earnings and Dividends
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Flex LNG Reports Strong Q1 Earnings and Dividends

FLEX LNG (FLNG) has released an update.

Flex LNG Ltd. has reported a strong first quarter in 2024, with revenues of $90.2 million and a net income increase to $33.2 million, up from $19.4 million in the previous quarter. The company highlighted successful charter extensions, adding 6.2 years to its backlog, and a quarterly dividend payout of $0.75 per share, yielding an 11 percent return for investors. CEO Øystein M Kalleklev emphasized the company’s solid earnings, substantial backlog, and robust balance sheet as key factors in its financial health.

For further insights into FLNG stock, check out TipRanks’ Stock Analysis page.

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