DHT Holdings, Inc. (DHT) To Go Ex-Dividend on November 22nd

DHT Holdings, Inc. (NYSE:DHT) announced a quarterly dividend on Tuesday, November 12th,Wall Street Journal reports. Investors 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 dividend yield of 8.27%. The ex-dividend date of this dividend is Friday, November 22nd.

DHT has decreased its dividend by an average of 5.2% per year over the last three years. DHT has a payout ratio of 63.2% meaning its dividend is sufficiently covered by earnings. 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 1.0 %

Shares of NYSE:DHT opened at $10.64 on Wednesday. The company has a current ratio of 2.41, a quick ratio of 1.97 and a debt-to-equity ratio of 0.35. The company has a fifty day simple moving average of $10.93 and a 200 day simple moving average of $11.25. The firm has a market cap of $1.72 billion, a PE ratio of 10.64 and a beta of -0.36. DHT has a 12-month low of $9.28 and a 12-month high of $12.80.

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

Wall Street Analysts Forecast Growth

Several analysts have weighed in on DHT shares. Stifel Nicolaus lowered their target price on shares of DHT from $13.00 to $11.00 and set a “hold” rating for the company in a research note on Wednesday, October 23rd. Jefferies Financial Group reissued a “buy” rating and set a $14.00 price target on shares of DHT in a report on Wednesday, November 13th. Fearnley Fonds raised shares of DHT to a “strong-buy” rating in a report on Friday, September 27th. StockNews.com raised shares of DHT from a “sell” rating to a “hold” rating in a report on Thursday, November 14th. Finally, BTIG Research initiated coverage on shares of DHT in a report on Tuesday, October 15th. They set a “buy” rating and a $16.00 price target for the company. Two analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently 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.