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

DHT Holdings, Inc. (NYSE:DHT) declared a quarterly dividend on Tuesday, February 4th,Wall Street Journal reports. Investors of record on Tuesday, February 18th will be paid 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 is Tuesday, February 18th.

DHT has increased its dividend by an average of 97.4% per year over the last three years. DHT has a dividend payout ratio of 48.9% meaning its dividend is sufficiently covered by earnings. Research 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 mid-day trading on Thursday, hitting $11.50. 3,767,165 shares of the company were exchanged, compared to its average volume of 2,301,227. The firm has a market cap of $1.85 billion, a P/E ratio of 11.50 and a beta of -0.39. DHT has a 1-year low of $8.67 and a 1-year high of $12.80. The company has a debt-to-equity ratio of 0.35, a quick ratio of 1.97 and a current ratio of 2.41. The firm’s 50 day simple moving average is $10.03 and its 200 day simple moving average is $10.61.

DHT (NYSE:DHT) last released its quarterly earnings results on Wednesday, February 5th. The shipping company reported $0.34 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.12. DHT had a return on equity of 15.58% and a net margin of 27.72%. On average, sell-side analysts predict that DHT will post 1 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts have commented on the stock. BTIG Research started coverage on shares of DHT in a research report on Tuesday, October 15th. They set a “buy” rating and a $16.00 price target on the stock. Jefferies Financial Group upped their target price on DHT from $13.00 to $14.00 and gave the stock a “buy” rating in a report on Thursday. Kepler Capital Markets downgraded DHT from a “buy” rating to a “hold” rating and set a $9.70 price target for the company. in a research note on Thursday, December 12th. Stifel Nicolaus dropped their price objective on DHT from $13.00 to $11.00 and set a “hold” rating on the stock in a research note on Wednesday, October 23rd. Finally, StockNews.com raised shares of DHT from a “sell” rating to a “hold” rating in a research note on Thursday, November 14th. Three equities 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 stock. According to data from MarketBeat, DHT has a consensus rating of “Moderate Buy” and a consensus target price of $13.54.

About DHT

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.