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DHT Holdings, Inc. Message Board

  • markofbklyn markofbklyn Oct 1, 2011 8:53 PM Flag

    Dividend cut & Buy Back Probably

    The stock has a yield of about 20% and has enough cash to continue paying this rate. The stock is really cheap (about two bucks)and I think management which has a desire to grow the company will cut the dividend in 1/2. The stock will still have a 10% dividend yield. They will also announce a buyback using the cash they saved from cutting the dividend. The tanker market is still under pressure and charter prices will remain low. I think in 6 months (other investors, analyest etc...)charter prices will increase. This should be good news for DHT and they can probably do an acquistion with the stock they buy back. I would hold the stock at 2 and expect a cut in dividend. When the market turn in 6 months it would be a good time to add to your position. If I'm wrong and charter prices don't increase then hold the stock. I'm not an analyst and this is my opinion. I do own the stock. Do your own research

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