DHT Holdings, Inc. announced that it repurchased 1,481,383 of its own shares in the open market during December 2024. These shares represent 0.9% of the company's outstanding shares. The average price paid for these repurchases was $8.8899 per share.
The repurchased shares have been retired upon receipt, which reduces the total number of outstanding shares. This action is consistent with the company's disciplined capital allocation strategy, which aims to enhance shareholder value.
Share repurchases can signal management's confidence in the company's intrinsic value and its commitment to returning capital to shareholders. This move provides a direct benefit to remaining shareholders by increasing their proportional ownership in the company.
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