Nordic American Tanker (NAT) has released an update.
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Nordic American Tankers Limited reported a solid first quarter in 2024, maintaining steady earnings with a net profit of $15.1 million, comparable to the previous quarter’s $17.5 million. Emphasizing dividends as a top priority, the company declared its 107th consecutive quarterly dividend of $0.12 per share. The company’s fleet of 20 Suezmax tankers, valued for their flexibility and high standards, positions NAT well in a favorable supply-demand market with anticipated strong demand for tanker services in the coming years.
For further insights into NAT stock, check out TipRanks’ Stock Analysis page.
