DHT Holdings, Inc. (DHT) to Issue Quarterly Dividend of $0.41 on February 26th

DHT Holdings, Inc. (NYSE:DHT) announced a quarterly dividend on Tuesday, February 3rd. Shareholders of record on Thursday, February 19th will be paid a dividend of 0.41 per share by the shipping company on Thursday, February 26th. This represents a c) annualized dividend and a dividend yield of 10.3%. The ex-dividend date of this dividend is Thursday, February 19th. This is a 127.8% increase from DHT’s previous quarterly dividend of $0.18.

DHT has decreased its dividend payment by an average of 0.1%per year over the last three years. DHT has a payout ratio of 106.5% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect DHT to earn $1.41 per share next year, which means the company may not be able to cover its $1.64 annual dividend with an expected future payout ratio of 116.3%.

DHT Trading Up 3.1%

NYSE DHT opened at $15.91 on Tuesday. DHT has a one year low of $8.99 and a one year high of $15.93. The company has a debt-to-equity ratio of 0.34, a current ratio of 2.80 and a quick ratio of 2.47. The firm has a market cap of $2.55 billion, a P/E ratio of 12.14 and a beta of -0.07. The stock’s 50-day moving average is $13.31 and its 200-day moving average is $12.66.

DHT (NYSE:DHT) last posted its earnings results on Wednesday, February 4th. The shipping company reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.01. The business had revenue of $117.80 million during 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%.DHT’s revenue for the quarter was up 37.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.34 EPS. Sell-side analysts anticipate that DHT will post 0.94 earnings per share for the current fiscal year.

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.