DHT Holdings Inc (NYSE:DHT) declared a quarterly dividend on Thursday, November 1st, Fidelity reports. Shareholders of record on Friday, November 16th will be paid a dividend of 0.02 per share by the shipping company on Friday, November 23rd. This represents a $0.08 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend is Thursday, November 15th.

DHT has raised its dividend payment by an average of 35.7% per year over the last three years. DHT has a payout ratio of -22.2% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect DHT to earn $0.18 per share next year, which means the company should continue to be able to cover its $0.08 annual dividend with an expected future payout ratio of 44.4%.

Shares of DHT opened at $5.07 on Friday. The stock has a market cap of $752.32 million, a price-to-earnings ratio of 39.00 and a beta of 0.25. DHT has a 12 month low of $3.27 and a 12 month high of $5.60. The company has a debt-to-equity ratio of 1.01, a quick ratio of 1.33 and a current ratio of 1.78.

DHT (NYSE:DHT) last announced its earnings results on Thursday, November 1st. The shipping company reported ($0.10) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.09) by ($0.01). The company had revenue of $48.20 million for the quarter, compared to analyst estimates of $50.07 million. DHT had a negative return on equity of 6.95% and a negative net margin of 23.10%. The firm’s quarterly revenue was down 12.0% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.04) earnings per share. On average, equities research analysts forecast that DHT will post -0.23 EPS for the current year.

Several research analysts have commented on the company. Wells Fargo & Co lifted their target price on DHT from $6.00 to $7.00 and gave the stock a “buy” rating in a report on Monday, November 5th. ValuEngine raised DHT from a “hold” rating to a “buy” rating in a research report on Saturday, October 6th. Zacks Investment Research lowered DHT from a “buy” rating to a “hold” rating in a research report on Tuesday, July 24th. TheStreet raised DHT from a “d+” rating to a “c” rating in a research report on Thursday, November 1st. Finally, Pareto Securities raised DHT from a “hold” rating to a “buy” rating in a research report on Thursday, October 25th. Nine analysts have rated the stock with a buy rating, DHT currently has an average rating of “Buy” and a consensus target price of $6.17.

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DHT Company Profile

DHT Holdings, Inc, through its subsidiaries, owns and operates crude oil tankers primarily in Oslo, Norway and Singapore. As of February 6, 2018, it had a fleet of 27 very large crude carriers and 2 Aframaxes with deadweight tons of 8,590,740. The company was founded in 2005 and is headquartered in Hamilton, Bermuda.

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Dividend History for DHT (NYSE:DHT)

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