5 Best Shipping Stocks that Pay Dividends

1. DHT Holdings, Inc. (NYSE: DHT)

Dividend Yield: 2.50%
Number of Hedge Fund Holders: 22

Topping the list of the best shipping stocks that pay dividends is DHT Holdings, Inc. (NYSE: DHT). The Bermuda-based crude oil tanker firm was founded in 2005. DHT Holdings, Inc. had a fleet of 28 very large crude carriers with a total capacity of 8,660,835 deadweight tons as of March 17, 2021, mostly transporting crude oil in Norway, Singapore, and Monaco. The company paid its 45th consecutive quarterly dividend of $0.04 per share to shareholders on May 26. The company has a dividend yield of 2.50% and a PE ratio of 5.2.

The company has a market cap of $1.1 billion. In the first quarter of 2021, the firm earned $11.6 million in net income or $0.07 per basic share. The company invested $136 million on two VLCCs built by DSME (Daewoo) and delivered in February and April 2021. DHT Holdings, Inc. has entered into three separate agreements to sell its three 2004-built VLCCs, DHT Lake, DHT Raven, and DHT Condor, for a total of $88.75 million at the end of the first quarter. On May 25, Evercore ISI Group upgraded DHT Holdings to Outperform. DHT stock has returned 22% to investors year to date. 

At the end of the first quarter of 2021, 22 hedge funds in the database of Insider Monkey held stakes worth $106 million in DHT Holdings, Inc. (NYSE: DHT), up from 18 in the preceding quarter worth $88 million.

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