Published on 15 Feb 2024 on Simply Wall St. via Yahoo Finance
Do These 3 Checks Before Buying DHT Holdings, Inc. (NYSE:DHT) For Its Upcoming Dividend
Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be intrigued to know that DHT Holdings, Inc. (NYSE:DHT) is about to go ex-dividend in just 4 days. The ex-dividend date is usually set to be one business day before the record date which is the cut-off date on which you must be present on the company's books as a shareholder in order to receive the dividend. The ex-dividend date is important as the process of settlement involves two full business days. So if you miss that date, you would not show up on the company's books on the record date. This means that investors who purchase DHT Holdings' shares on or after the 20th of February will not receive the dividend, which will be paid on the 28th of February.
The company's upcoming dividend is US$0.22 a share, following on from the last 12 months, when the company distributed a total of US$0.99 per share to shareholders. Based on the last year's worth of payments, DHT Holdings has a trailing yield of 8.8% on the current stock price of US$11.30. We love seeing companies pay a dividend, but it's also important to be sure that laying the golden eggs isn't going to kill our golden goose! That's why we should always check whether the dividend payments appear sustainable, and if the company is growing.
View our latest analysis for DHT Holdings