DHT Holdings offers 20% upside with strong charter rates and potential high dividends in Q4.

DHT Holdings remains the cheapest US-listed VLCC pure play, with over half its fleet chartered at strong rates. Although current spot rates exceed long-term charter earnings, the company’s conservative chartering limits immediate upside. Q3 earnings per share (EPS) are expected around $1.25, implying a 20% annualized yield, while Q4 EPS could reach $3 if rates hold, suggesting a 12% quarterly dividend. The stock’s fair value is estimated at $30 per share, about 20% above current levels, with upcoming business updates and guidance as near-term catalysts.

DHT Holdings trades at USD 24.64 on Pluang as of Oct 11, 2026 10:41 WIB, slightly below its 52-week high of USD 24.93. The stock shows a 1.16% decline in one day and offers a high dividend yield of 19.81%. Market participants typically hold DHT shares for about 2 days, reflecting active trading in this industrial sector asset.