DHT Holdings is upgraded to Strong Buy after outperforming peers, driven by surging dayrates and a robust dividend yield above 15%. Spot rates and time charters have soared, with Q1 spot market rates at $91,700 and 88% of Q2 spot days booked at $168,300 per day. DHT's 100% net income payout policy generates a highly attractive but volatile dividend, with estimated 2026 yield reaching 16.3%.