DHT Holdings Changes Dividend Policy

Crude oil tanker company DHT Holdings, Inc. is pursuing a new policy regarding dividend and capital allocation, under which it intends to return at least 60% of its ordinary net income, adjusted for extraordinary items, to shareholders.

The switch in the payout policy comes amid extremely favorable market for Very Large Crude Carriers (VLCCs).

Furthermore, DHT said it would use a significant amount of surplus cash flow after returning such capital to shareholders to deliver its balance sheet.

DHT plans to commence its new capital allocation policy starting with the second quarter of 2015.

The company owns a fleet of crude oil tankers in the VLCC, Suezmax and Aframax segments, operating through its integrated management companies in Oslo, Norway and Singapore.

Share this article

Follow World Maritime News

In Depth>


<< Jul 2019 >>
1 2 3 4 5 6 7
8 9 10 11 12 13 14
15 16 17 18 19 20 21
22 23 24 25 26 27 28
29 30 31 1 2 3 4

World Gas Series: Morocco Summit

Bringing together key players in the gas value chain in Morocco, the World Gas Series:

read more >

GreenTech in Shipping USA Forum 2019

GreenTech in Shipping USA Forum is an event for Maritime leaders who want to unlock successful business formula of the industry!

read more >

Shipping Transformation Asia

Shipping Transformation Asia will provide a platform for future-focused discussion in the shipping,…

read more >

Global Sustainable Shipping Forum 2019

The event will provide valuable insights from conference sessions, great networking opportunities and will offer…

read more >