Nordic American Tankers: Strong Outlook and Profitable Growth

Nordic American Tanker (NAT) has released an update.

Nordic American Tankers reported a positive outlook for its Suezmax fleet, achieving $125 million in revenue from time-charter contracts in the third quarter of 2024. The company maintained a robust profit margin with a net income of $8.7 million and declared its 109th consecutive quarterly dividend. The tight supply of Suezmax tankers and growing demand suggest promising future earnings and potential for increased dividends.

For further insights into NAT stock, check out TipRanks’ Stock Analysis page.