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Nordic American Tanker ( (NAT) ) has provided an update.
Nordic American Tankers Limited announced its financial results for the fourth quarter of 2024, reporting a net income of $1.3 million and a dividend of 6 cents per share, marking its 110th consecutive quarterly dividend. The company is optimistic about 2025 due to increased demand for compliant oil transportation, driven by geopolitical factors and a tight supply of Suezmax tankers. Recent strategic moves include the purchase of a 2016-built Suezmax tanker and the sale of a 2003-built vessel, enhancing financial flexibility and supporting fleet renewal plans.
More about Nordic American Tanker
Nordic American Tankers Limited is a company operating in the shipping industry, primarily focusing on the transportation of crude oil using its fleet of Suezmax tankers. The company is committed to maintaining a fleet of well-maintained vessels, primarily built in South Korea, and is focused on providing reliable transportation services while ensuring financial stability and consistent dividend payments to its shareholders.
YTD Price Performance: -0.78%
Average Trading Volume: 2,826,327
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $528.3M
Learn more about NAT stock on TipRanks’ Stock Analysis page.