DHT Holdings: Adapting to Change and Addressing Investor Concerns
Investors eagerly anticipate the dividend payout from DHT Holdings (NYSE:DHT) on February 28, 2024. With a payout of $0.22 per share and an annualized dividend yield of 8.38%, this reward is exclusively for shareholders who held the stock before the ex-dividend date on February 20, 2024
DHT Holdings Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2024-02-20 | 4 | $0.22 | 8.38% | 2024-02-06 | 2024-02-21 | 2024-02-28 |
| 2023-11-20 | 4 | $0.19 | 6.75% | 2023-11-03 | 2023-11-21 | 2023-11-28 |
| 2023-08-22 | 4 | $0.35 | 14.26% | 2023-08-08 | 2023-08-23 | 2023-08-30 |
| 2023-05-17 | 4 | $0.23 | 9.68% | 2023-05-02 | 2023-05-18 | 2023-05-25 |
| 2023-02-16 | 4 | $0.38 | 17.59% | 2023-02-07 | 2023-02-17 | 2023-02-24 |
| 2022-11-21 | 4 | $0.04 | 1.69% | 2022-11-07 | 2022-11-22 | 2022-11-29 |
| 2022-08-22 | 4 | $0.04 | 2.18% | 2022-08-09 | 2022-08-23 | 2022-08-30 |
| 2022-05-18 | 4 | $0.02 | 1.43% | 2022-05-09 | 2022-05-19 | 2022-05-26 |
| 2022-02-16 | 4 | $0.02 | 1.61% | 2022-02-07 | 2022-02-17 | 2022-02-24 |
| 2021-11-15 | 4 | $0.02 | 1.25% | 2021-11-03 | 2021-11-16 | 2021-11-23 |
| 2021-08-18 | 4 | $0.02 | 1.47% | 2021-08-06 | 2021-08-19 | 2021-08-26 |
| 2021-05-18 | 4 | $0.04 | 2.61% | 2021-05-04 | 2021-05-19 | 2021-05-26 |
With a dividend yield that places it neither at the top nor the bottom, DHT Holdings finds itself in the middle among its industry peers, while Okeanis Eco Tankers (NYSE:ECO) boasts the highest annualized dividend yield at 17.34%.
Analyzing DHT Holdings Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
From 2020 to 2023, there was a decline in the company's dividend per share, dropping from $1.35 in 2020 to $1.15 in 2023. This negative trend suggests a reduction in the company's dividend distribution, which requires careful investigation to identify the underlying causes.
YoY Earnings Growth For DHT Holdings
From 2020 to 2023, DHT Holdings experienced a decrease in earnings per share, dropping from $2.03 to $1.15. This declining earnings trend may be worrisome for income-seeking investors, as it indicates a potential impact on the company's ability to sustain or increase its cash dividend payouts. Further analysis is necessary to understand the underlying reasons for this decrease.
Recap
In this article, we delve into DHT Holdings's recent dividend payout and examine how it impacts shareholders. The company has announced a dividend distribution of $0.22 per share today, resulting in an annualized dividend yield of 8.38%.
With a dividend yield that places it neither at the top nor the bottom, DHT Holdings finds itself in the middle among its industry peers, while Okeanis Eco Tankers boasts the highest annualized dividend yield at 17.34%.
With a decrease in dividend per share and earnings per share from 2020 to 2023, DHT Holdings might be experiencing financial strain, raising concerns about the sustainability of their dividend distribution to investors.
To stay well-informed about potential changes in financials or dividend disbursements, investors should closely observe the company's performance in the upcoming quarters.
[Click here](https://www.benzinga.com/stock//dividends) to find details on DHT Holdings's previous dividends.
To keep track of which companies are distributing dividends, click here to visit our Dividends Calendar.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
