DHT Holdings, Inc. (NYSE:DHT) to Issue Quarterly Dividend of $1.22

DHT Holdings, Inc. (NYSE:DHTGet Free Report) announced a quarterly dividend on Wednesday, August 5th. Stockholders of record on Monday, August 17th will be paid a dividend of 1.22 per share by the shipping company on Monday, August 24th. This represents a c) dividend on an annualized basis and a dividend yield of 26.7%. The ex-dividend date is Monday, August 17th. This is a 90.6% increase from DHT’s previous quarterly dividend of $0.64.

DHT has decreased its dividend payment by an average of 0.1%annually over the last three years. DHT has a payout ratio of 166.2% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

DHT Trading Up 2.4%

NYSE DHT traded up $0.42 during trading hours on Thursday, hitting $18.30. 1,834,908 shares of the company’s stock were exchanged, compared to its average volume of 3,750,750. The business’s 50 day moving average is $17.70 and its 200-day moving average is $17.33. DHT has a 12-month low of $10.69 and a 12-month high of $20.55. The firm has a market capitalization of $2.95 billion, a P/E ratio of 8.90 and a beta of -0.11. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.62 and a current ratio of 1.83.

DHT (NYSE:DHTGet Free Report) last posted its quarterly earnings results on Wednesday, August 5th. The shipping company reported $1.22 EPS for the quarter, beating the consensus estimate of $1.18 by $0.04. DHT had a return on equity of 27.54% and a net margin of 58.54%.The company had revenue of $254.96 million during the quarter, compared to analysts’ expectations of $247.17 million. During the same quarter in the previous year, the business earned $0.35 EPS. The firm’s revenue was up 174.8% on a year-over-year basis.

About DHT

(Get Free Report)

DHT Holdings, Inc (NYSE: DHT) is a Bermuda-based independent crude oil tanker company that provides seaborne transportation of crude oil on a worldwide basis. The company’s core business involves the ownership and operation of a modern fleet of Very Large Crude Carriers (VLCCs) and Suezmax tankers, which are chartered to oil producers, trading houses and national oil companies. Through spot charters, time-charters and tanker pooling arrangements, DHT connects crude oil exporters with refining hubs in Asia, Europe, North America and other global markets.

Founded in 2005 and listed on the New York Stock Exchange later that year, DHT has grown its presence in the maritime sector by focusing on operational efficiency and disciplined capital management.

Further Reading

Dividend History for DHT (NYSE:DHT)

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