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

DHT Holdings, Inc. (NYSE:DHT) declared a quarterly dividend on Thursday, February 6th,Wall Street Journal reports. Stockholders 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 annualized dividend and a dividend yield of 5.92%. The ex-dividend date of this dividend is Tuesday, February 18th.

DHT has raised its dividend payment by an average of 97.4% annually over the last three years. DHT has a dividend payout ratio of 48.9% meaning its dividend is sufficiently covered by earnings. Analysts expect DHT to earn $0.93 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 94.6%.

DHT Stock Down 2.6 %

DHT stock traded down $0.31 during midday trading on Thursday, hitting $11.50. The company’s stock had a trading volume of 3,767,155 shares, compared to its average volume of 2,301,223. The firm has a market capitalization of $1.85 billion, a P/E ratio of 11.50 and a beta of -0.39. The company has a quick ratio of 1.97, a current ratio of 2.41 and a debt-to-equity ratio of 0.35. DHT has a 52-week low of $8.67 and a 52-week high of $12.80. The firm has a 50-day simple moving average of $10.03 and a 200-day simple moving average of $10.61.

DHT (NYSE:DHT) last posted 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 return on equity of 15.58% and a net margin of 27.72%. As a group, equities analysts forecast that DHT will post 1 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on DHT. StockNews.com raised shares of DHT from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. Jefferies Financial Group boosted their price target on shares of DHT from $13.00 to $14.00 and gave the company a “buy” rating in a research report on Thursday. Kepler Capital Markets lowered DHT from a “buy” rating to a “hold” rating and set a $9.70 price objective on the stock. in a report on Thursday, December 12th. BTIG Research assumed coverage on DHT in a report on Tuesday, October 15th. They issued a “buy” rating and a $16.00 target price for the company. Finally, Stifel Nicolaus dropped their price target on DHT from $13.00 to $11.00 and set a “hold” rating on the stock in a research note on Wednesday, October 23rd. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $13.54.

DHT Company Profile

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.