DHT Holdings, Inc. (NYSE:DHT) Declares $0.17 Quarterly Dividend

DHT Holdings, Inc. (NYSE:DHT) announced a quarterly dividend on Tuesday, February 4th,Wall Street Journal reports. Investors of record on Tuesday, February 18th will be given a dividend of 0.17 per share by the shipping company on Tuesday, February 25th. This represents a $0.68 dividend on an annualized basis and a yield of 6.08%. The ex-dividend date is Tuesday, February 18th.

DHT has raised its dividend payment by an average of 97.4% per year over the last three years. DHT has a payout ratio of 37.8% indicating that its dividend is sufficiently covered by earnings. Analysts expect DHT to earn $1.24 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 54.8%.

DHT Price Performance

DHT opened at $11.18 on Friday. The company has a fifty day simple moving average of $10.27 and a 200 day simple moving average of $10.59. The firm has a market cap of $1.80 billion, a price-to-earnings ratio of 9.98 and a beta of -0.39. DHT has a twelve month low of $8.67 and a twelve month high of $12.80. The company has a current ratio of 2.41, a quick ratio of 1.97 and a debt-to-equity ratio of 0.35.

DHT (NYSE:DHT) last released its quarterly earnings results on Wednesday, February 5th. The shipping company reported $0.34 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.12. DHT had a net margin of 31.72% and a return on equity of 17.43%. Equities research analysts expect that DHT will post 0.84 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Jefferies Financial Group increased their price objective on shares of DHT from $13.00 to $14.00 and gave the company a “buy” rating in a research note on Thursday, February 6th. StockNews.com upgraded shares of DHT from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. Kepler Capital Markets downgraded shares of DHT from a “buy” rating to a “hold” rating and set a $9.70 price objective on the stock. in a research note on Thursday, December 12th. Finally, Stifel Nicolaus reduced their price objective on shares of DHT from $13.00 to $11.00 and set a “hold” rating on the stock in a research note on Wednesday, October 23rd. Three analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $13.54.

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.