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Posted by
Two Blokes Jun 11 -
Filed in
Stock
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Nordic American Tankers reported disappointing Q1/2025 results, with the company underperforming peers by a wide margin and cash flow from operations turning negative. However, the weak operating performance was offset by a generous $0.07 quarterly cash dividend and persistent insider buying. During the quarter, NAT accelerated its fleet renewal efforts during the quarter, but still has to replace a sizeable number of 20+ year-old vessels sooner rather than later.
