Nordic American Tanker (NAT) has released an update.
Claim 70% Off TipRanks This Holiday Season
- Unlock hedge-fund level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
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.