"DHT Holdings (NYSE:DHT) is up 36% year-to-date, trading at $16.64 as of February 18. The crude oil tanker operator has secured a one-year charter for DHT Opal at $90,000 per day, commencing in February 2026. That daily rate is paid as dividends, as DHT distributes 100% of ordinary net income to shareholders each quarter. Unsurprisingly, Reddit sentiment is also running hot with a single post on r/wallstreetbets pushed DHT's social score to 88 out of 100."
"DHT reported Q4 2025 revenue of $144.16 million, beating estimates by 24%. The $66 million in net income was distributed to shareholders as a $0.41-per-share dividend, scheduled for February 26 and marking the 64th consecutive quarterly dividend. VLCC (Very Large Crude Carrier) spot rates averaged $69,500 per day in Q4 2025, up from $38,200 per day in Q4 2024, a massive increase."
"Something investors will want to watch is DHT's dividend history, which shows real volatility: $1.15 in 2023, $1.00 in 2024, and $0.74 in 2025. On the plus side, the $0.41 Q4 payout is the highest single quarterly figure on record, but it reflects one quarter's earnings and may not turn into a new baseline. Operating cash flow in 2025 was $276 million, down from $298 million in 2024, while capital expenditures of $309 million pushed free cash flow negative."
DHT Holdings has risen 36% year-to-date to $16.64 as of February 18 after securing a one-year, $90,000-per-day charter for DHT Opal starting February 2026. DHT distributes 100% of ordinary net income as dividends, so charter day rates flow directly to shareholders. Q4 2025 revenue was $144.16 million and net income $66 million, paid as a $0.41-per-share dividend, the 64th consecutive quarterly payout. VLCC spot rates averaged $69,500 per day in Q4 2025 versus $38,200 in Q4 2024, and 76% of Q1 2026 spot days are locked at $78,900. Heavy capex and negative free cash flow raise concerns about payout sustainability.
Read at 24/7 Wall St.
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