5 Best Shipping Stocks That Pay Dividends

4. Nordic American Tankers Limited (NYSE:NAT)

Number of Hedge Fund Holders: 15

An international tanker company, Nordic American Tankers Limited (NYSE:NAT) is next on our list of the best shipping stocks that pay dividends. The company has been paying regular dividends to shareholders for the past 28 years and it pays a quarterly dividend of $0.06 per share. As of December 22, the stock has a dividend yield of 10.88%.

At the end of Q3 2023, 15 hedge funds tracked by Insider Monkey reported having stakes in Nordic American Tankers Limited (NYSE:NAT), compared with 16 in the previous quarter. The consolidated value of these stakes is over $50.5 million.

Follow Nordic American Tankers Limited (NYSE:NAT)