DHT Holdings, Inc. (NYSE:DHT) Declares Dividend Increase - $0.64 Per Share

Key Points

• DHT declared a quarterly dividend of $0.64 per share, payable May 28 with an ex‑dividend/record date of May 21; this is a 56.1% increase from the prior quarterly dividend and implies a 13.4% yield.
• The company has a 106.5% payout ratio, indicating dividends are not fully covered by earnings and are being supported by the balance sheet despite a slight average dividend decline over the past three years.
• DHT recently beat quarterly EPS and revenue estimates (EPS $0.41, revenue up 37.8% year‑over‑year), and analysts show a consensus rating of “Moderate Buy” with a $19.33 target price.

DHT Holdings, Inc. (NYSE:DHT - Get Free Report) announced a quarterly dividend on Monday, May 4th. Shareholders 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) dividend on an annualized basis and a yield of 13.4%. 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 payment by an average of 0.1%annually over the last three years. DHT has a payout ratio of 106.5% indicating that 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 $19.09 on Wednesday. The company has a debt-to-equity ratio of 0.34, a quick ratio of 2.47 and a current ratio of 2.80. The stock has a market capitalization of $3.07 billion, a price-to-earnings ratio of 14.57 and a beta of -0.08. DHT has a 1 year low of $10.61 and a 1 year high of $20.55. The stock's fifty day moving average is $18.12 and its two-hundred day moving average is $15.01.

DHT (NYSE:DHT - Get Free Report) last posted its earnings results on Wednesday, February 4th. The shipping company reported $0.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.01. The company had revenue of $117.85 million for the quarter, compared to analysts' expectations of $116.96 million. DHT had a return on equity of 17.70% and a net margin of 42.35%.The firm's quarterly revenue was up 37.8% compared to the same quarter last year. During the same period last year, the business posted $0.34 earnings per share.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on DHT shares. BTIG Research lifted their price target on DHT from $18.00 to $23.00 and gave the company a "buy" rating in a report on Wednesday, April 22nd. Evercore cut DHT from an "outperform" rating to an "in-line" rating and set a $19.00 price target on the stock. in a report on Wednesday, April 22nd. Weiss Ratings reaffirmed a "buy (b)" rating on shares of DHT in a report on Monday, April 20th. Wall Street Zen upgraded shares of DHT from a "hold" rating to a "buy" rating in a research note on Saturday, March 21st. Finally, Dnb Carnegie cut shares of DHT from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, March 3rd. Three investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $19.33.

DHT Company Profile

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.

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