DHT Shares Rally on Higher VLCC Rates and 24% Forward Yield
DHT Holdings remains a Strong Buy as VLCC spot rates surge and the forward yield reaches 24%. In Q2, average VLCC day rates totaled $126,700 and spot market day rates rose 45.4% sequentially, helping the shares rally 23.1% and supporting dividend prospects. The outlook is underpinned by geopolitical disruptions and depleted global oil reserves.