DHT Holdings, Inc. (NYSE:DHT) Raises Dividend to $0.41 Per Share

DHT Holdings, Inc. (NYSE:DHT - Get Free Report) announced a quarterly dividend on Tuesday, February 3rd. Stockholders of record on Thursday, February 19th will be given a dividend of 0.41 per share by the shipping company on Thursday, February 26th. This represents a c) dividend on an annualized basis and a dividend yield of 11.6%. The ex-dividend date of this dividend is Thursday, February 19th. This is a 127.8% increase from DHT's previous quarterly dividend of $0.18.3 Overlooked Dividend Plays for Income in Volatile TimesDHT has increased its dividend by an average of 0.4%per year over the last three years. DHT has a payout ratio of 46.8% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect DHT to earn $1.41 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 51.1%. DHT Price PerformanceShares of DHT traded up $0.24 during mid-day trading on Thursday, reaching $14.18. The company had a trading volume of 328,183 shares, compared to its average volume of 2,479,271. The company has a market capitalization of $2.28 billion, a P/E ratio of 11.43 and a beta of -0.07. The company's 50-day moving average is $12.93 and its 200-day moving average is $12.41. DHT has a twelve month low of $8.99 and a twelve month high of $14.49. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.41 and a quick ratio of 2.02. DHT (NYSE:DHT - Get Free Report) last announced its quarterly earnings data on Wednesday, February 4th. The shipping company reported $0.41 EPS for the quarter, topping analysts' consensus estimates of $0.40 by $0.01. DHT had a return on equity of 17.05% and a net margin of 41.17%.The firm had revenue of $117.80 million during the quarter, compared to analyst estimates of $116.96 million. During the same period last year, the company earned $0.34 earnings per share. The company's revenue was up 37.8% on a year-over-year basis. On average, equities analysts anticipate that DHT will post 0.94 EPS for the current year. DHT Company Profile (Get Free Report)DHT Holdings, Inc NYSE: DHT is a Bermuda-based independent crude oil tanker company that provides seaborne transportation of crude oil on a worldwide basis. The company's core business involves the ownership and operation of a modern fleet of Very Large Crude Carriers (VLCCs) and Suezmax tankers, which are chartered to oil producers, trading houses and national oil companies. Through spot charters, time-charters and tanker pooling arrangements, DHT connects crude oil exporters with refining hubs in Asia, Europe, North America and other global markets. Founded in 2005 and listed on the New York Stock Exchange later that year, DHT has grown its presence in the maritime sector by focusing on operational efficiency and disciplined capital management.Featured ArticlesFive stocks we like better than DHTThe day the gold market brokeBuffett, Gates and Bezos Quietly Dumping Stocks—Here's WhyNEW LAW: Congress Approves Setup For Digital Dollar?Trump Planning to Use Public Law 63-43: Prepare NowWhat a Former CIA Agent Knows About the Coming CollapseThis instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.Should You Invest $1,000 in DHT Right Now?Before you consider DHT, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and DHT wasn't on the list.While DHT currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here