DHT Holdings, Inc. (DHT) to Issue Quarterly Dividend of $0.35 on August 30th

Posted by on Aug 10th, 2023

DHT Holdings, Inc. (NYSE:DHT – Get Free Report) announced a quarterly dividend on Tuesday, August 8th, NASDAQ reports. Shareholders of record on Wednesday, August 23rd will be given a dividend of 0.35 per share by the shipping company on Wednesday, August 30th. This represents a $1.40 dividend on an annualized basis and a yield of 14.37%. The ex-dividend date is Tuesday, August 22nd.

DHT has decreased its dividend by an average of 15.7% annually over the last three years. DHT has a payout ratio of 44.4% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect DHT to earn $1.38 per share next year, which means the company should continue to be able to cover its $0.92 annual dividend with an expected future payout ratio of 66.7%.

DHT Stock Down 0.6 %

NYSE:DHT opened at $9.74 on Thursday. The stock’s fifty day simple moving average is $8.77 and its 200-day simple moving average is $9.43. The firm has a market capitalization of $1.59 billion, a P/E ratio of 13.72 and a beta of -0.13. The company has a quick ratio of 3.03, a current ratio of 3.48 and a debt-to-equity ratio of 0.35. DHT has a 12-month low of $6.96 and a 12-month high of $12.13.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on DHT shares. StockNews.com downgraded shares of DHT from a “buy” rating to a “hold” rating in a research report on Tuesday, June 13th. Stifel Nicolaus lowered their target price on DHT from $12.00 to $11.00 and set a “buy” rating for the company in a report on Wednesday, July 19th. Jefferies Financial Group lowered DHT from a “buy” rating to a “hold” rating and cut their price target for the company from $12.00 to $10.00 in a report on Thursday, May 4th. Finally, TheStreet upgraded DHT from a “c+” rating to a “b” rating in a report on Tuesday.

Get Our Latest Analysis on DHT

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. LPL Financial LLC raised its stake in shares of DHT by 5.5% during the 2nd quarter. LPL Financial LLC now owns 26,030 shares of the shipping company’s stock worth $160,000 after purchasing an additional 1,350 shares in the last quarter. Toroso Investments LLC raised its position in DHT by 5.2% during the first quarter. Toroso Investments LLC now owns 30,419 shares of the shipping company’s stock worth $329,000 after acquiring an additional 1,509 shares in the last quarter. Price T Rowe Associates Inc. MD lifted its stake in DHT by 9.1% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 24,048 shares of the shipping company’s stock valued at $214,000 after acquiring an additional 2,012 shares during the last quarter. Tower Research Capital LLC TRC grew its position in shares of DHT by 64.5% in the 3rd quarter. Tower Research Capital LLC TRC now owns 10,598 shares of the shipping company’s stock valued at $80,000 after acquiring an additional 4,155 shares during the period. Finally, State of Wyoming grew its position in shares of DHT by 39.3% in the 4th quarter. State of Wyoming now owns 19,480 shares of the shipping company’s stock valued at $173,000 after acquiring an additional 5,494 shares during the period. 61.63% of the stock is owned by institutional investors and hedge funds.

DHT Company Profile

(Get Free Report)

DHT Holdings, Inc, through its subsidiaries, owns and operates crude oil tankers primarily in Monaco, Singapore, and Norway. As of March 16, 2023, it had a fleet of 23 very large crude carriers. The company was incorporated in 2005 and is headquartered in Hamilton, Bermuda.

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Dividend History for DHT (NYSE:DHT)

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