DRI Healthcare Trust (TSE:DHT) Insider DRI Capital Inc. Acquires 75,000 Shares

DRI Healthcare Trust (TSE:DHT) insider DRI Capital Inc. acquired 75,000 shares of the company’s stock in a transaction dated Wednesday, May 8th. The stock was acquired at an average price of C$11.95 per share, for a total transaction of C$896,250.00.

DRI Healthcare Trust Stock Performance

DRI Healthcare Trust (TSE:DHT) last released its quarterly earnings data on Wednesday, February 28th. The company reported C$1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of C$0.57 by C$0.82. The company had revenue of C$71.14 million for the quarter, compared to analyst estimates of C$44.55 million.

DRI Healthcare Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, July 19th. Shareholders of record on Sunday, June 30th will be paid a $0.115 dividend. This represents a $0.46 annualized dividend and a yield of ∞. The ex-dividend date is Friday, June 28th. This is an increase from DRI Healthcare Trust’s previous quarterly dividend of $0.11.

DRI Healthcare Trust Company Profile

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.