DHT to stay the dividend course as shares keep sliding

Tanker shares are slipping despite record earnings, but that will not push DHT Holdings to change its dividend strategy.

After the close on Tuesday, the New York-listed VLCC owner posted its second-consecutive record-breaking quarter, with a $72.2m profit, while cutting a $0.35 per share dividend for the 41st consecutive quarter.

Still, its share price fell $0.44 to $6.39 on Wednesday, prompting analysts to ask if DHT would shift to share buybacks.