GASS - Flex LNG Stock: High Yield And Solid Demand Outlook In Europe Make It A Strong Buy
- Flex LNG raised its dividend to $3.00 per year, a level management hopes to sustain, which gives the company a yield in excess of 13.5%.
- Europe announced plans to replace 50 billion cubic meters of Russian gas per year with LNG, implying a boon in demand for the company's carriers.
- Pending IMO regulations should require older LNG vessels to be scrapped, helping tighten the supply side.
- Overall, the picture looks good for Flex's earnings situation in the next few years as the company has a stellar fleet averaging just 2 years in age per vessel.
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Flex LNG Stock: High Yield And Solid Demand Outlook In Europe Make It A Strong Buy