DRI Healthcare Trust (TSE:DHT – Get Free Report) declared a quarterly dividend on Tuesday, August 6th, Zacks reports. Investors of record on Monday, September 30th will be paid a dividend of 0.117 per share on Friday, October 18th. This represents a $0.47 annualized dividend and a yield of ∞. The ex-dividend date is Monday, September 30th. This is a boost from DRI Healthcare Trust’s previous quarterly dividend of $0.12.
DRI Healthcare Trust Stock Performance
DRI Healthcare Trust (TSE:DHT – Get Free Report) last posted its quarterly earnings results on Tuesday, August 6th. The company reported C$0.67 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.61 by C$0.06. The business had revenue of C$56.92 million during the quarter, compared to analyst estimates of C$56.23 million.
Analyst Ratings Changes
DHT has been the topic of a number of analyst reports. Stifel Canada upgraded DRI Healthcare Trust from a “hold” rating to a “strong-buy” rating in a research note on Monday, August 12th. Scotiabank upgraded shares of DRI Healthcare Trust to a “strong-buy” rating in a research report on Friday, June 14th. Finally, Raymond James lowered shares of DRI Healthcare Trust from a “strong-buy” rating to a “moderate buy” rating in a research report on Monday, July 8th.
About DRI Healthcare Trust
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.
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