DHT Holdings, Inc. (NYSE:DHT) Announces $0.15 Dividend

DHT Holdings, Inc. (NYSE:DHT) announced a dividend on Saturday, May 17th, investing.com reports. Investors of record on Thursday, May 22nd will be given a dividend of 0.15 per share by the shipping company on Wednesday, May 28th. This represents a dividend yield of 5.1%. The ex-dividend date of this dividend is Wednesday, May 21st.

DHT has increased its dividend payment by an average of 97.4% per year over the last three years. DHT has a payout ratio of 40.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect DHT to earn $1.41 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 42.6%.

DHT Price Performance

NYSE DHT opened at $11.77 on Friday. The company has a current ratio of 1.84, a quick ratio of 1.50 and a debt-to-equity ratio of 0.32. The company has a fifty day simple moving average of $10.58 and a 200 day simple moving average of $10.39. The company has a market cap of $1.89 billion, a P/E ratio of 10.50 and a beta of -0.06. DHT has a 1 year low of $8.67 and a 1 year high of $12.80.

DHT (NYSE:DHT) last posted its quarterly earnings data on Tuesday, May 6th. The shipping company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.15 by $0.12. The business had revenue of $79.34 million during the quarter, compared to the consensus estimate of $84.00 million. DHT had a net margin of 31.72% and a return on equity of 17.42%. DHT’s quarterly revenue was down 25.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.29 EPS. On average, sell-side analysts predict that DHT will post 0.94 EPS for the current year.

Hedge Funds Weigh In On DHT

An institutional investor recently raised its position in DHT stock. AQR Capital Management LLC raised its holdings in DHT Holdings, Inc. (NYSE:DHT) by 178.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 70,582 shares of the shipping company’s stock after buying an additional 45,275 shares during the quarter. AQR Capital Management LLC’s holdings in DHT were worth $741,000 as of its most recent SEC filing. Institutional investors own 58.53% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on DHT shares. Jefferies Financial Group reiterated a “buy” rating and set a $15.00 target price on shares of DHT in a research note on Wednesday, May 7th. Evercore ISI cut their target price on shares of DHT from $14.00 to $13.00 and set an “outperform” rating for the company in a research note on Tuesday, April 22nd. Three analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $12.94.

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.