DHT Holdings, Inc. (DHT) To Go Ex-Dividend on November 12th

DHT Holdings, Inc. (NYSE:DHT) announced a quarterly dividend on Wednesday, October 29th. Stockholders of record on Wednesday, November 12th will be paid a dividend of 0.18 per share by the shipping company on Wednesday, November 19th. This represents a c) dividend on an annualized basis and a dividend yield of 5.4%. The ex-dividend date of this dividend is Wednesday, November 12th.

DHT has increased its dividend payment by an average of 0.4%annually over the last three years. DHT has a dividend payout ratio of 46.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect DHT to earn $1.41 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 51.1%.

DHT Stock Up 0.9%

DHT opened at $13.35 on Monday. The stock has a market cap of $2.14 billion, a price-to-earnings ratio of 10.77 and a beta of -0.01. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.96 and a current ratio of 2.33. The firm’s fifty day moving average is $12.31 and its 200 day moving average is $11.65. DHT has a fifty-two week low of $8.67 and a fifty-two week high of $13.47.

DHT (NYSE:DHT) last announced its quarterly earnings data on Wednesday, October 29th. The shipping company reported $0.28 EPS for the quarter, beating the consensus estimate of $0.17 by $0.11. DHT had a return on equity of 17.18% and a net margin of 41.17%.The business had revenue of $79.10 million for the quarter, compared to the consensus estimate of $78.83 million. During the same period in the previous year, the business earned $0.22 earnings per share. The business’s revenue was down 14.6% on a year-over-year basis. On average, sell-side analysts forecast that DHT will post 0.94 earnings per share for the current fiscal year.

Analyst Ratings Changes

DHT has been the topic of a number of research reports. Evercore ISI lifted their price target on shares of DHT from $14.00 to $15.00 and gave the company an “outperform” rating in a report on Tuesday, October 28th. Jefferies Financial Group restated a “buy” rating and set a $16.00 price target on shares of DHT in a report on Thursday, October 30th. BTIG Research reaffirmed a “buy” rating and set a $16.00 price objective on shares of DHT in a report on Thursday, October 30th. Zacks Research raised shares of DHT to a “hold” rating in a report on Monday, August 11th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of DHT in a research report on Wednesday, October 8th. Four equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $14.18.

About DHT

DHT Holdings, Inc, through its subsidiaries, owns and operates crude oil tankers primarily in Monaco, Singapore, and Norway. The company also offers technical management services. As of March 15, 2024, it had a fleet of 24 very large crude carriers. The company was incorporated in 2005 and is headquartered in Hamilton, Bermuda.