Dividend, next and medium termThe last divident of $.25 is in all likelyhood a one time shot. The spot prices have simply not been to the extreme levels that resulted in this fantastic yield. Despite the drop in the rates early in the year, the average rate has remained on the historically high side. Will this justify another dividend around the $.20 market? My napkin calculations say its possible.
Of greater interest is the medium term. It appears increasingly likely that oil supply and price will be moving relatively sideways for the remainder of the year. Factor the increasing fleet size and there is a possibility of downward pressure on the spot rate and in turn, the DHT yield.
IMO a medium term dividend of $.15 is possible, making DHT very attractive at these prices....
....but what do I know?
cheers