FLNG - Flex LNG misses on revenue raises dividend by ~33%

Flex LNG (FLNG): Q1 Non-GAAP EPS of $0.64; GAAP EPS of $0.88.Revenue of $81.3M (+112.8% Y/Y) misses by $2.11M.Adjusted EBITDA rose ~27% Q/Q to $64.0M.Q1 Average Time Charter Equivalent rate of $75,399/day vs. $73,712/day for prior quarter.The Company appointed Mr. Knut Traaholt to succeed Mr. Harald Gurvin as Chief Financial Officer, with effect from May 3, 2021.The Board of Directors has declared a cash dividend for Q1 of $0.40/share vs. $0.30/share prior.Press Release

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Flex LNG misses on revenue, raises dividend by ~33%