DHT Holdings: Don't Sit On Your Hands, The Yield Is Well-Insulated From Risk (Rating Upgrade)
DHT Holdings has received a rating upgrade to Strong Buy due to significant increases in tanker dayrates and a dividend yield exceeding 15%. The company has outperformed its peers, with spot market rates reaching $91,700 in Q1 and bookings for Q2 at $168,300 per day. This strong performance positions DHT favorably in the market, attracting investor interest.
- ▪DHT Holdings was upgraded to Strong Buy based on its strong performance.
- ▪Tanker dayrates have surged, contributing to a robust dividend yield above 15%.
- ▪Q1 spot market rates were reported at $91,700, with Q2 bookings significantly higher.
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