The best dividend stocks belong to stable, long-standing companies with a proven track record of sharing profits with their shareholders. This fundamental understanding serves as our backdrop today as we shift our focus to a company that seamlessly aligns with this criteria. What’s more, this company holds a distinctive allure due to its standout performance across three key yardsticks:
- Dividend Payout Ratio: A higher ratio in this context confirms the company’s capacity to generously distribute profits among its investors.
- Debt-to-Equity Ratio: Here, a lower measurement signifies adept management of its debt portfolio, a key marker of financial robustness.
- Beta Score: The beta, when under 1.00, establishes the stock’s resilience against the inherent fluctuations of the broader market.
Not only does the recommended stock of the day satisfy each of these parameters, but also presents an appealing entry point at the present moment…
Nordic American Tankers (NAT)
Nordic American operates as an oil tanker company, boasting a fleet of 19 tankers. The company enjoyed an exceptional first half performance, supported by a particularly strong second quarter, when the company reported an average time charter equivalent rate of $39,300 per day per vessel.
Adding to its positive prospects, Nordic American management is confident that there is “a scarcity of [its] type of ships,” resulting in improved outcomes and a higher dividend yield. This optimistic trajectory suggests that NAT stock is likely to sustain its upward trend. Notably, the company’s commitment to robust year-on-year dividend growth further underscores its healthy position.
Despite NAT’s share price increase of 65% in the last 12 months, the stock still trades at an attractive forward P/E ratio of 6.3. Further, NAT stock offers investors a desirable quarterly dividend yield of 9.27% against a sector average of 3.75%.
The company has a solid history of dividend growth, which is backed by a stable 69% payout ratio. A low 0.13 beta score indicates low volatility. What’s more, the company has steadily reduced its debt. As of March 31st NAT’s debt to equity ratio was 0.55.
[stock_market_widget type=”accordion” template=”extended” color=”#5679FF” assets=”NAT” start_expanded=”true” display_currency_symbol=”true” api=”yf”]
Read Next – Protect Yourself from Biden’s Dollar Destruction…
What I’m holding in my hand is a completely new form of money…
As we speak, it’s being used as an alternative currency across the U.S. minting in places like Utah, New Hampshire and Nevada…
And since it’s made out of a thinly printed sheet of REAL gold…
It may be the single best way to protect your wealth from a sinister plot by president Biden to completely DESTROY your money.
Because rest assured…
Biden has already set the stage for a government-controlled digital dollar – which I believe is a DIRECT threat to your wealth and financial security.
That’s why I’m sounding the alarm about this important new form of money called a “Goldback”…
And why I want to get your hands on it right away.
There’s just one catch.
Since I have a limited number of these…
I need you to respond to this message immediately.
If you don’t, you may miss out on this opportunity forever.
I’ve recorded a short 2 minute message that explains everything here.
Including what this new money is, why it’s so important that you have some, and how to claim yours right away.