Can This Shipping Company Afford Its Juicy Dividend?

Get Marc's full write-up in this week's Safety Net! [Shield] AN OXFORD CLUB PUBLICATION [Wealthy Retirement]( [View in browser]( SPONSORED [Introducing the War Room Open House!]( [Open House]( What Is It? One week inside The War Room - totally free! When Is It? June 3 - 7 You're Invited! Join our one-week FREE PREVIEW (no credit card, no B.S.) [Click Here to RSVP]( [SAFETY NET]( [An 8.6% Yield That's Sure to Sink]( [Marc Lichtenfeld, Chief Income Strategist, The Oxford Club]( [Marc Lichtenfeld]( In the income world, shipping companies are known for a couple of things: high yields and inconsistent dividends. To be fair, some of them have variable dividends, but others simply don't generate enough free cash flow. DHT Holdings (NYSE: DHT) is a Bermuda-based oil tanker company with a fleet of 24 ships, not including four more that are being built. Over the past four quarters, DHT has paid out a total of $1.05 per share in dividends, with the quarterly payouts ranging from $0.19 to $0.35. At the stock's current share price of around $12, its dividend yield is above 8.6%. The company's policy is to pay out 100% of its net income to shareholders. As a result, its dividend is going to vary each quarter. [Chart: DHT's Dividend Continues to Fluctuate]( [View larger image]( SPONSORED [Palm Beach Millionaire Is Giving Away His Top Income Secrets... FREE OF CHARGE.]( [Millionaire Sticker]( [CLICK HERE]( It's nice to see a company paying out 100% of its net income - but net income is not the same as free cash flow, which is the more accurate representation of how much cash a company is bringing in. Net income has all kinds of noncash items in it. For example, a company could make a sale, bill a client and mark the proceeds down as revenue, which makes its way down to the bottom line as net income. But if the customer hasn't paid by the end of the quarter, their payment does not figure into the free cash flow number - though it does still count toward revenue and net income. Since dividends are paid with cash rather than accounting tricks, I want to see that a company generates enough free cash flow to afford its dividend payout. So, with that in mind, let's find out whether DHT can afford to keep paying shareholders such a strong dividend. [Get My Safety Net Grade Here]( [The Oxford Club's 2024 Private Wealth Seminar, October 7-8, 2024 at the Wequassett Resort and Golf Club in Cape Cod, Massachusetts. Details here.]( BUILD AND PROTECT YOUR WEALTH [Wall Street PROJECTS $30 Energy Stock Will Rise to $280 in 18 Months!]( [Mining Winners in the AI Gold Rush]( [New IPO Signs MAJOR Deal with Apple Until 2040. 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