DRI Healthcare Trust (TSE:DHT) Insider DRI Capital Inc. Buys 75,000 Shares

DRI Healthcare Trust (TSE:DHT) insider DRI Capital Inc. purchased 75,000 shares of the stock in a transaction on Wednesday, May 8th. The shares were purchased at an average cost of C$11.95 per share, with a total value of C$896,250.00.

DRI Healthcare Trust Price Performance

DRI Healthcare Trust (TSE:DHT) last issued its quarterly earnings data on Wednesday, February 28th. The company reported C$1.39 EPS for the quarter, topping analysts’ consensus estimates of C$0.57 by C$0.82. The firm had revenue of C$71.14 million for the quarter, compared to analyst estimates of C$44.55 million.

DRI Healthcare Trust Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Sunday, June 30th will be given a dividend of $0.115 per share. This is a positive change from DRI Healthcare Trust’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend is Friday, June 28th. This represents a $0.46 dividend on an annualized basis and a dividend yield of ∞.

About DRI Healthcare Trust

DHT is an independent crude oil tanker company. Its fleet trades internationally and consists of crude oil tankers in the VLCC segment. It operates through its integrated management companies in Monaco, Singapore and Oslo, Norway. You shall recognize it by its business approach with an experienced organization with focus on first rate operations and customer service, quality ships built at quality shipyards, prudent capital structure with robust cash break even levels to accommodate staying power through the business cycles, a combination of market exposure and fixed income contracts for its fleet and a transparent corporate structure maintaining a high level of integrity and good governance.