Another month has passed, and it is time for my monthly dividend income update for July.
July brought one new addition to the portfolio, this time it is a stock in a new market segment which I was not exposed to until now. I have added 250 shares of DHT Holdings Inc.
DHT plays in both the long-term and the spot rate market. DHT has a fleet of 20 VLCCs (including two under construction) and two Aframaxes. Of the 20 vessels in operation, six of the VLCCs and the two Aframaxes are on fixed rate time charters.
DHT has a policy of returning at least 60% of its ordinary net income.
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