SmarterDividends
FLNG

FLEX LNG Ltd.

FLNG

Energy · Oil & Gas Midstream · Stock · quarterly payer

$28.46

Fairly valued · +0% Add to Portfolio

Forward Yield

10.54%

Annual Dividend

$3.00

Payout Ratio

158%

5-Yr Growth

49.6%

Ex-Date

Sep 3, 2026

Frequency

Quarterly

Key facts about FLNG's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 27, 2026, FLEX LNG Ltd. (FLNG) has a forward dividend yield of 10.54%, based on an annual dividend of $3.00 per share and a share price of $28.46.
  • As of Oct 27, 2026, FLNG's dividend safety grade from SmarterDividends is D (43 out of 100), which rates the dividend as unsafe.
  • FLNG last cut its regular dividend in 2024.
  • FLNG's most recent ex-dividend date was Sep 3, 2026, for a dividend of $0.75 per share.
  • As of Oct 27, 2026, FLNG pays out 158% of its trailing 12-month earnings as dividends (its payout ratio).
  • FLNG's dividend has grown at an average rate of 49.6% a year over the past five years.
  • As of Oct 27, 2026, FLNG's 10.54% yield is 15% below its five-year average yield of 12.33%.
  • As of Oct 27, 2026, SmarterDividends' blended fair-value estimate for FLNG is $28.57 per share, 0% above the $28.46 share price, so FLNG screens as fairly valued.
  • FLEX LNG Ltd. (FLNG) pays its dividend quarterly, 4 times a year.
  • FLEX LNG Ltd. (FLNG) has raised its regular dividend 3 times and cut it 0 times across the 27 payments on record since 2019. Its most recent change was a 87.5% increase to $0.750 per share, going ex-dividend on Dec 1, 2021.
Cite this page

SmarterDividends, "FLNG Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 27, 2026, https://smarterdividends.com/stocks/FLNG

Summary

As of Oct 27, 2026, FLEX LNG Ltd. (FLNG) yields 10.54% ($3.00 a year per share) and has a dividend safety grade of D (43/100).

Is FLNG a good dividend stock?

Mixed

FLEX LNG Ltd. (FLNG) pays a quarterly dividend yielding 10.54% ($3.00/yr), with 0 years of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Advantages

  • Strong 49.6% 5-yr dividend growth

Risks

  • Cut its dividend in 2024
  • Elevated payout ratio (158%)
  • Very high yield can signal elevated risk
  • Below-average dividend safety score

Key Data

Dividend Yield
10.54%
Payout Ratio
158%
Annual Dividend
$3.00
5-Yr Avg Growth
49.6%
Ex-Dividend Date
Sep 3, 2026
Years of Growth
0
Frequency
quarterly
Beta
0.24
Market Cap
$1.5B
P/E Ratio
15.0
5-Yr Total Return
18%
52-Week Range
$24.14 – $33.40
Dividend Safety
D · 43/100
Ever Cut?
Yes (2024)

FLNG dividend raises and cuts

FLEX LNG Ltd. (FLNG) has raised its regular dividend 3 times and cut it 0 times across the 27 payments on record since 2019. Its most recent change was a 87.5% increase to $0.750 per share, going ex-dividend on Dec 1, 2021.

Ex-dateChangeOld → newMove
Dec 1, 2021Raise$0.400 → $0.750+87.5%
Jun 1, 2021Raise$0.300 → $0.400+33.3%
Mar 2, 2021Raise$0.100 → $0.300+200.0%
Every FLNG payment →Download every raise and cut (CSV)
FLNG ex-dividend date & scheduleNext ex-date Sep 3, 2026 · full ex-dividend historyView →FLNG dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is FLNG a good dividend stock?

Mixed. FLEX LNG Ltd. (FLNG) pays a quarterly dividend yielding 10.54% ($3.00/yr), with 0 years of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal.

Is FLNG undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, FLNG's fair value is about $28.57 versus a $28.46 share price — so it looks fairly valued (+0% vs. fair value).

Is FLNG's dividend safe?

FLNG has a dividend-safety grade of D (43/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2024, debt and yield-versus-history.

What is FLNG's fair value?

Our blended fair-value estimate for FLNG is about $28.57 per share, roughly 0% above the current $28.46 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is FLNG a buy, hold, or sell?

We don't issue formal ratings, but on the data FLNG screens as "mixed" and fairly valued. FLEX LNG Ltd. (FLNG) pays a quarterly dividend yielding 10.54% ($3.00/yr), with 0 years of growth and a dividend-safety grade of D. The picture is mixed — the dividend pays, but safety or growth signals are weaker than ideal. This is research for your own analysis, not investment advice.

Will FLNG cut its dividend?

FLNG earns a dividend-safety grade of D (43/100), and has cut its dividend before (last in 2024). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does FLNG pay a dividend?

Yes. FLEX LNG Ltd. pays a quarterly dividend of about $3.00 per share annually, a forward yield of roughly 10.54%.

What is FLNG's dividend yield?

As of Oct 27, 2026, FLNG's forward dividend yield is 10.54%, based on a $3.00 annual dividend and a $28.46 share price.

What is FLNG's dividend per share?

As of Oct 27, 2026, FLNG pays $3.00 per share per year, distributed on a quarterly basis.

What is FLNG's dividend payout ratio?

As of Oct 27, 2026, FLNG's payout ratio is 158% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.

How many years has FLNG grown its dividend?

FLNG does not currently have a long dividend-growth streak on record.

When is the next FLNG ex-dividend date?

As of Oct 27, 2026, FLNG's next ex-dividend date hasn't been announced. The most recent was Sep 3, 2026, for $0.75 per share.

Income Calculator

At $3.00 / yr per share

Per payment (quarterly)$75.00
Annual$300.00
Monthly avg$25.00

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