Nordic American Tanker (NAT) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
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.