13 Best March Dividend Stocks to Buy

10. Nordic American Tankers Limited (NYSE:NAT)

Ex-Dividend Date: March 10

On February 27, B. Riley analyst Liam Burke raised his price recommendation on Nordic American Tankers Limited (NYSE:NAT) to $7.50 from $5. The analyst reiterated a Buy rating on the stock. The move followed the company’s latest earnings report and improving outlook for tanker rates.

Nordic American Tankers released its Q4 2025 results on February 26. The company also declared a quarterly dividend of $0.17 per share. This marked its 114th straight quarterly cash payout, showing its continued commitment to returning cash to shareholders. Management said the tanker market remained favorable. Nearly two-thirds of its spot days for the first quarter of 2026 were already fixed at an average rate of about $55,000 per day. Some vessels were even being booked into the second quarter, a sign that demand remained steady.

The fourth quarter stood out as the strongest period of the year. The fleet earned an average time charter equivalent rate of $35,000 per day per ship, up 25% from the previous quarter. Operating costs stayed relatively low at about $9,000 per day per ship.

Nordic American Tankers reported net income of $11.7 million for the quarter. EBITDA reached $34.7 million. The company also maintained a strong cash position, with more than $100 million available at the end of the period. Management continued to adjust the fleet to improve efficiency and long-term value. During the first half of 2025, the company acquired two Suezmax tankers built in 2016. Later in the year, it reached an agreement with a South Korean shipyard to build two new vessels, with delivery planned for 2028. The agreement was finalized in January 2026.

At the same time, the company sold older ships as vessel values increased. It sold four tankers built between 2003 and 2005 in 2025. The last two were delivered to buyers in January 2026. The company also sold another vessel built in 2003 during the first quarter of 2026. That ship is expected to be delivered to its new owner soon.

Nordic American Tankers Limited (NYSE:NAT) focuses entirely on owning and operating Suezmax crude oil tankers. Its fleet consists of about 20 vessels, each capable of carrying around one million barrels of oil.