Insider Buying: DRI Healthcare Trust (TSE:DHT) Insider Purchases 75,000 Shares of Stock

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

DRI Healthcare Trust Price Performance

DRI Healthcare Trust (TSE:DHT) last announced its quarterly earnings data on Wednesday, February 28th. The company reported C$1.39 EPS for the quarter, beating analysts’ consensus estimates of C$0.57 by C$0.82. The firm had revenue of C$71.14 million during the quarter, compared to analysts’ expectations of C$44.55 million.

DRI Healthcare Trust Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 19th. Stockholders of record on Sunday, June 30th will be given a dividend of $0.115 per share. This represents a $0.46 annualized dividend and a dividend 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.

About DRI Healthcare Trust

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.