In conjunction with its reporting third quarter earnings on Tuesday, DHT Maritime (“DHT”) announced that its Board of Directors has decided, after considering the strong operating results for the first three quarters of the year and the company’s current robust liquidity position, to increase the dividend by $0.05 (20%) to $0.30 for the third quarter of 2008. We expect this is a special dividend and does not change the current fixed dividend of $0.25.
The solid earnings release and dividend increase is a very strong sign in this economy and investors reacted favorably by pushing the share price up over 11% to $5.15 on heavy volume on the day of the earnings release. DHT convincingly bucked the general market trend, as most of the peer group was lower
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Tags: · DHT Maritime, RBS, Tanker Management Limited
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