10% Yield, Benefits From Supply Chain Disruption, 54-Year Contract Backlog

Looking to take advantage of supply chain disruptions and inflation? With Europe shifting from Russian energy supplies, there has been a lot of disruption in the energy market, leading to higher prices. This stock yields 10.5%, with a 69% payout ratio. It has paid three $.75/share quarterly dividends in a row. It just signed 4 long term charters, adding $750M to its backlog, which is now a minimum of 54 years. The company has long-term tailwinds in the LNG market, with Europe switching to U.S. supplies.

Flex LNG Ltd.(NYSE:FLNG), through its subsidiaries, engages in the seaborne transportation of liquefied natural gas (LNG) worldwide. As of February 16, 2022, it owned and operated nine M-type electronically controlled gas injection LNG carriers; and four vessels with generation X dual fuel propulsion systems. It also provides chartering and management services. Flex LNG Ltd. was incorporated in 2006 and is based in Hamilton, Bermuda. (FLNG site)

Source: Seeking Alpha

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