5 Best Dividend Penny Stocks to Buy Now

3. Nordic American Tankers Limited (NYSE:NAT)

Number of Hedge Fund Holders: 21
Share Price as of July 2: $3.67

Nordic American Tankers Limited (NYSE:NAT) is a Bermuda-based international tanker company that maintains a Suezmax-only fleet. It is one of the best penny stocks with dividends as the company has been making regular dividend payments to shareholders since 1997. It currently pays a quarterly dividend of $0.15 per share and has a dividend yield of 10.35%, as of July 2.

Nordic American Tankers Limited (NYSE:NAT) was a popular buy among elite funds in Q1 2023, as 21 hedge funds in Insider Monkey’s database held stakes in the company, up from 16 a quarter earlier. These stakes have a consolidated value of over $70 million.

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