DHT Holdings, Inc. (NYSE:DHT) Plans Quarterly Dividend of $0.22

DHT Holdings, Inc. (NYSE:DHT) announced a quarterly dividend on Tuesday, November 12th,Wall Street Journal reports. Shareholders of record on Friday, November 22nd will be paid a dividend of 0.22 per share by the shipping company on Friday, November 29th. This represents a $0.88 dividend on an annualized basis and a yield of 8.35%. The ex-dividend date of this dividend is Friday, November 22nd.

DHT has decreased its dividend payment by an average of 5.2% annually over the last three years. DHT has a dividend payout ratio of 63.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect DHT to earn $1.22 per share next year, which means the company should continue to be able to cover its $1.08 annual dividend with an expected future payout ratio of 88.5%.

DHT Stock Down 0.9 %

Shares of NYSE:DHT opened at $10.54 on Thursday. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.97 and a current ratio of 2.41. DHT has a 52-week low of $9.28 and a 52-week high of $12.80. The company has a market capitalization of $1.70 billion, a PE ratio of 10.54 and a beta of -0.36. The company has a fifty day moving average of $10.93 and a 200-day moving average of $11.25.

DHT (NYSE:DHT) last posted its earnings results on Tuesday, November 12th. The shipping company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.20 by $0.02. DHT had a return on equity of 15.58% and a net margin of 27.72%. The firm had revenue of $92.64 million during the quarter, compared to the consensus estimate of $87.51 million. During the same period last year, the company earned $0.19 earnings per share. The business’s quarterly revenue was up 4.0% on a year-over-year basis. On average, equities analysts predict that DHT will post 1 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on DHT shares. Stifel Nicolaus reduced their target price on shares of DHT from $13.00 to $11.00 and set a “hold” rating on the stock in a report on Wednesday, October 23rd. Fearnley Fonds raised DHT to a “strong-buy” rating in a report on Friday, September 27th. BTIG Research assumed coverage on DHT in a research report on Tuesday, October 15th. They set a “buy” rating and a $16.00 price objective for the company. StockNews.com upgraded DHT from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. Finally, Jefferies Financial Group restated a “buy” rating and issued a $14.00 price target on shares of DHT in a research report on Wednesday, November 13th. Two research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, DHT presently has an average rating of “Moderate Buy” and an average price target of $14.50.

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.