Opinion on  Double Hull Tankers Inc. (DHT)     Sector: Transportation  >  Industry: Water Transportation
DHT shipping

With Fridays down day I have added DHT, a fleet of oil tankers, to my list. Heavy sell on all current signals however she continues to payout her dividend. Great income with low risk and options to boot.

Thursday October 23, 8:35 pm ET

JP Morgan Securities upgraded DHT Maritime (DHT.N: Quote , Profile , Research , Stock Buzz ) to "overweight" from "neutral," saying the company has sufficient liquidity to meet capital commitments and are attractively valued.

"We believe DHT's relatively high cash flow visibility and dividend security reflecting the company's full-fleet contract coverage and its sufficient liquidity to meet capital commitments through at least year-end 2009," JP Morgan analyst Jonathan Chappell wrote in a note to clients.

ST. HELIER, Channel Islands--(BUSINESS WIRE)--DHT Maritime, Inc. (NYSE: DHT - News ) today announced results for the period from July 1 to September 30, 2008. Total revenues for this period were $31.0 million and net income was $12.3 million, or $0.31 per share (diluted). The Board of Directors of DHT has decided, after considering the strong operating results for the first three quarters of the year and the Company’s current robust liquidity position, to increase the dividend by $0.05 to $0.30 per share for the third quarter of 2008. The dividend will be paid on December 11, 2008 to shareholders of record as of the close of business on December 2, 2008.