Jim Cramer on Flex LNG: “We’re Going to Get on It”

FLEX LNG Ltd. (NYSE:FLNG) is one of the stocks Jim Cramer reflected on. When a caller inquired about the stock while mentioning its huge dividend, Cramer replied:

“Yeah, I’ve been trying to figure out why that has such a big dividend. Let me go to work on that for you, rather than just say, well, I think that dividend’s safe. We gotta find out. When you see a dividend that high versus the rest of the market, there might be something wrong. We’re going to get on it.”

Jim Cramer on Flex LNG: "We’re Going to Get on It"

A closeup of the bow of a Liquefied Natural Gas carrier on a calm ocean.

FLEX LNG (NYSE:FLNG) is engaged in the seaborne transportation of liquefied natural gas, operating a fleet of LNG carriers equipped with advanced propulsion technologies. During an April episode, when a caller asked about the stock, Cramer said that he has to take a “hard pass.”

“But don’t you think that it should have already made it by now? I mean the stock just does nothing, nothing but go down during the greatest revolution of all time. I’m going to have to take a hard pass on that one. I’m sorry.”

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Disclosure: None. This article is originally published at Insider Monkey.