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DHT DHT Holdings , Inc. First Quarter 2021 Results HAMILTON , BERMUDA , May 4 , 2021 - DHT Holdings , Inc. ( NYSE : DHT ) ( " DHT " or the " Company " ) today announced : FINANCIAL HIGHLIGHTS : USD mill . ( except per share ) Q1 2021 Q4 2020 Q3 2020 Q2 2020 Q1 2020 2020 2019 Shipping revenues 87.0 91.0 142.2 245.9 211.9 691.0 535.1 Adjusted net revenue¹ 71.3 77.7 117.5 202.7 152.5 550.5 347.6 Adjusted EBITDA² 46.7 51.1 92.9 178.0 128.4 450.4 254.5 Net income / ( loss ) after tax 11.6 7.63 50.73 135.8 72.2 266.33 73.7 EPS - basic 0.07 0.04 0.32 0.92 0.49 1.71 0.51 EPS - diluted4 0.07 0.04 0.31 0.81 0.44 1.61 0.51 Dividend5 0.04 0.05 0.20 0.48 0.35 1.08 0.47 Interest bearing debt 574.7 450.0 492.4 719.2 780.8 450.0 851.0 Cash and cash equivalents 54.0 68.6 75.1 137.7 75.8 68.6 67.4 Net debt 520.7 381.3 417.3 581.5 705.0 381.3 783.6 QUARTERLY HIGHLIGHTS : • • • • In the first quarter of 2021 , the Company's VLCCs achieved an average rate of $ 31,800 per day . Adjusted EBITDA for the first quarter of 2021 was $ 46.7 million . Net income of $ 11.6 million equates to $ 0.07 per basic share . Adjusted for a non - cash gain in fair value related to interest rate derivatives of $ 3.4 million , net income would be $ 8.2 million , equivalent to $ 0.05 per basic share . For the first quarter of 2021 , the Company declared a cash dividend of $ 0.04 per share of outstanding common stock , payable on May 26 , 2021 to shareholders of record as of May 19 , 2021. This marks the 45th consecutive quarterly dividend . The shares will trade ex - dividend from May 18 , 2021 . In the first quarter of 2021 , the Company acquired two 2016 built VLCCs for a total of $ 136 million . The Company drew down $ 125 million under its revolving credit facilities to fund the two VLCCs . DHT Harrier was delivered on February 18 , 2021 and DHT Osprey was delivered on April 12 , 2021 . 1