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DHT paying 34% Dividend

Posted on 9/22/20 at 11:19 am
Posted by PinevilleTiger
Pineville, LA
Member since Sep 2005
6207 posts
Posted on 9/22/20 at 11:19 am
Anybody on this board chase dividends? Looking at DHT since it’s current divy is a respectable 34%. Don’t wanna jump in and then hear about a dividend cut right after I buy. Any opinions from the learned money board gurus?
Posted by Texas Tea 123
Member since Sep 2017
207 posts
Posted on 9/22/20 at 11:28 am to
The tanker stocks are wild and volatile.

Caveat emptor.

Be ready to monitor the trade daily and have a plan.
Posted by rowbear1922
Lake Chuck, LA
Member since Oct 2008
15166 posts
Posted on 9/22/20 at 11:33 am to
The dividend has moved from $0.02 - $0.08 range to $0.30+ for the 3 quarters of 2020.

Without having any idea on the company, I would assume it goes back to the previous range before long, but I have no idea.
Posted by ldts
Member since Aug 2015
2677 posts
Posted on 9/22/20 at 11:34 am to
Their dividend hasn't been very stable in the past, nor have their earnings. There was a big dividend increase from last year that corresponds with a jump in income. Forward estimates are for a sizeable decrease in earnings for 2021 compared to 2020. It's not reasonable to expect that dividend to stay that high over a long period.
This post was edited on 9/22/20 at 11:35 am
Posted by castorinho
13623 posts
Member since Nov 2010
82018 posts
Posted on 9/22/20 at 11:58 am to
How did you come up with 34%?

Also, look at this.



Posted by Ballstein32
Member since May 2020
365 posts
Posted on 9/22/20 at 12:16 pm to
Yahoo's finance app says DHT has a dividend of 1.92 (34.04%).

I'm guessing thats where the op saw it?
Posted by castorinho
13623 posts
Member since Nov 2010
82018 posts
Posted on 9/22/20 at 1:03 pm to
Ahh makes sense. That would mean August was 48 cents. Not displayed on the screenshot I posted.
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