DHT Holdings, Inc. (DHT) To Go Ex-Dividend on August 17th

DHT Holdings, Inc. (NYSE:DHT) declared 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) annualized dividend and a dividend yield of 26.6%. 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 Stock Up 2.7%

Shares of NYSE:DHT opened at $18.34 on Friday. The company has a market capitalization of $2.95 billion, a price-to-earnings ratio of 6.24 and a beta of -0.11. DHT has a 12-month low of $10.69 and a 12-month high of $20.55. The business has a 50-day moving average price of $17.74 and a 200 day moving average price of $17.36. The company has a current ratio of 1.83, a quick ratio of 1.62 and a debt-to-equity ratio of 0.33.

DHT (NYSE:DHT) last posted its earnings results on Wednesday, August 5th. The shipping company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $1.18 by $0.04. The company had revenue of $254.96 million for the quarter, compared to analysts’ expectations of $247.17 million. DHT had a net margin of 65.52% and a return on equity of 40.90%. DHT’s revenue for the quarter was up 174.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.35 earnings per share.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of DHT. Redhawk Wealth Advisors Inc. increased its holdings in DHT by 117.9% during the 2nd quarter. Redhawk Wealth Advisors Inc. now owns 25,394 shares of the shipping company’s stock worth $420,000 after purchasing an additional 13,738 shares during the period. Baron Wealth Management LLC grew its position in shares of DHT by 7.4% during the second quarter. Baron Wealth Management LLC now owns 15,843 shares of the shipping company’s stock worth $262,000 after buying an additional 1,093 shares in the last quarter. Rathbones Group PLC increased its stake in shares of DHT by 53.7% during the first quarter. Rathbones Group PLC now owns 15,750 shares of the shipping company’s stock worth $288,000 after buying an additional 5,500 shares during the period. Norris Financial Group LLC purchased a new stake in shares of DHT during the first quarter worth approximately $316,000. Finally, Western Wealth Management LLC acquired a new stake in DHT in the first quarter valued at approximately $46,000. 58.53% of the stock is currently owned by hedge funds and other institutional investors.

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.