Nordic American Tankers (NAT) Shares Soar 4.41% on Dividend Announcement

Nordic American Tankers (NAT) shares surged 4.41% today, reaching their highest level since January 2025, with an intraday gain of 5.15%.

The strategy of buying NAT shares after they reached a recent high and holding for 1 week showed poor performance over the past 5 years. The annualized return was -4.68%, significantly underperforming the market. This indicates that relying on recent highs as a buying trigger and holding for a short duration is not a profitable strategy for NAT.

One of the key factors driving the recent surge in Nordic American Tankers (NAT) shares is the company's dividend announcement. On June 12, 2025, the company declared a dividend of $0.07 per share, which represents a 12.36% dividend yield. This significant dividend payout has likely attracted income-focused investors, contributing to the positive sentiment surrounding the stock.

Additionally, insider buying has played a role in boosting investor confidence. The CEO and his son recently acquired 200,000 shares of the high-yield tanker stock. Such insider purchases are often seen as a strong vote of confidence in the company's future prospects, which can positively influence the share price by signaling to the market that those closest to the company believe in its potential for growth.