DRI Healthcare Trust (TSE:DHT) Declares Quarterly Dividend of $0.12

DRI Healthcare Trust (TSE:DHT) announced a quarterly dividend on Wednesday, November 6th,Zacks Dividends reports. Stockholders of record on Tuesday, December 31st will be paid a dividend of 0.115 per share on Monday, January 20th. This represents a $0.46 annualized dividend and a dividend yield of ∞. The ex-dividend date is Tuesday, December 31st.

DRI Healthcare Trust Stock Performance

DRI Healthcare Trust (TSE:DHT) last released its earnings results on Tuesday, August 6th. The company reported C$0.67 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.61 by C$0.06. The business had revenue of C$56.92 million during the quarter, compared to the consensus estimate of C$56.23 million.

Analyst Upgrades and Downgrades

Separately, Stifel Canada raised shares of DRI Healthcare Trust from a “hold” rating to a “strong-buy” rating in a research report on Monday, August 12th.

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.