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

DHT Holdings, Inc. (NYSE:DHT - Get Free Report) declared a quarterly dividend on Tuesday, February 4th,Wall Street Journal reports. Shareholders 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 dividend on an annualized basis and a yield of 6.02%. The ex-dividend date of this dividend 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 payout ratio of 48.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect DHT to earn $1.24 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 71.0%.

DHT Trading Down 0.5 %

Shares of NYSE DHT traded down $0.06 during trading hours on Monday, reaching $11.31. The stock had a trading volume of 1,560,268 shares, compared to its average volume of 2,252,030. The business's fifty day moving average price is $10.15 and its two-hundred day moving average price is $10.59. The firm has a market cap of $1.82 billion, a price-to-earnings ratio of 10.09 and a beta of -0.39. DHT has a 52-week low of $8.67 and a 52-week high of $12.80. The company has a current ratio of 2.41, a quick ratio of 1.97 and a debt-to-equity ratio of 0.35.

DHT (NYSE:DHT - Get Free Report) last issued its earnings results on Wednesday, February 5th. The shipping company reported $0.34 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.12. DHT had a return on equity of 17.43% and a net margin of 31.72%. Analysts expect that DHT will post 0.84 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on DHT shares. StockNews.com upgraded shares of DHT from a "sell" rating to a "hold" rating in a report on Thursday, November 14th. Stifel Nicolaus cut their price objective 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. Kepler Capital Markets lowered DHT from a "buy" rating to a "hold" rating and set a $9.70 target price for the company. in a report on Thursday, December 12th. BTIG Research started coverage on DHT in a research report on Tuesday, October 15th. They set a "buy" rating and a $16.00 target price on the stock. Finally, Jefferies Financial Group boosted their price target on DHT from $13.00 to $14.00 and gave the stock a "buy" rating in a research report on Thursday. Three investment 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. According to data from MarketBeat, DHT currently has a consensus rating of "Moderate Buy" and an average 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.