DHT Holdings, Inc. (DHT) to Issue Quarterly Dividend of $0.64 on May 28th

DHT Holdings, Inc. (NYSE:DHT) declared a quarterly dividend on Monday, May 4th. Stockholders of record on Thursday, May 21st will be given a dividend of 0.64 per share by the shipping company on Thursday, May 28th. This represents a c) annualized dividend and a dividend yield of 14.3%. The ex-dividend date is Thursday, May 21st. This is a 56.1% increase from DHT’s previous quarterly dividend of $0.41.

DHT has decreased its dividend 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 Stock Performance

DHT stock opened at $17.91 on Tuesday. The firm has a market cap of $2.88 billion, a PE ratio of 8.69 and a beta of -0.08. The company has a quick ratio of 1.62, a current ratio of 1.83 and a debt-to-equity ratio of 0.33. The business has a 50 day moving average of $18.04 and a 200-day moving average of $15.40. DHT has a 12-month low of $10.61 and a 12-month high of $20.55.

DHT (NYSE:DHT) last released its earnings results on Tuesday, May 5th. The shipping company reported $0.64 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.02. The company had revenue of $157.20 million during the quarter, compared to analyst estimates of $152.15 million. DHT had a return on equity of 27.54% and a net margin of 58.54%.DHT’s quarterly revenue was up 134.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.27 earnings per share.

About DHT

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.