DRI Healthcare Trust (TSE:DHT) Increases Dividend to $0.12 Per Share

DRI Healthcare Trust (TSE:DHT) declared a quarterly dividend on Monday, May 6th, Zacks reports. Investors of record on Sunday, June 30th will be given a dividend of 0.115 per share on Friday, July 19th. This represents a $0.46 dividend on an annualized basis and a yield of ∞. The ex-dividend date of this dividend is Friday, June 28th. This is an increase from DRI Healthcare Trust’s previous quarterly dividend of $0.11.

DRI Healthcare Trust Stock Performance

DRI Healthcare Trust (TSE:DHT) last posted its quarterly earnings data on Monday, May 6th. The company reported C$0.57 earnings per share for the quarter, missing the consensus estimate of C$0.66 by C($0.09). The firm had revenue of C$56.71 million during the quarter, compared to the consensus estimate of C$55.13 million.

Analyst Upgrades and Downgrades

Separately, Scotiabank raised DRI Healthcare Trust to a “strong-buy” rating in a research report on Friday, June 14th.

Insiders Place Their Bets

In related news, insider DRI Capital Inc. acquired 75,000 shares of the company’s stock in a transaction on Wednesday, May 8th. The stock was purchased at an average cost of C$11.95 per share, for a total transaction of C$896,250.00.

DRI Healthcare Trust Company Profile

DHT is an independent crude oil tanker company. Its fleet trades internationally and consists of crude oil tankers in the VLCC segment. It operates through its integrated management companies in Monaco, Singapore and Oslo, Norway. You shall recognize it by its business approach with an experienced organization with focus on first rate operations and customer service, quality ships built at quality shipyards, prudent capital structure with robust cash break even levels to accommodate staying power through the business cycles, a combination of market exposure and fixed income contracts for its fleet and a transparent corporate structure maintaining a high level of integrity and good governance.