JET1C

Nordic American Tanker Pays Off Yet Again

How can anyone complain about getting an 8% annual dividend? During 97 NAT paid $2.81 and their average share price was ~$35. And you say that you would prefer an good stable dividend with your investments, maybe on the order of 0.9%. Give me a break, This year their dividend is $4.89 and their average price is more like $33. That's 14.8%. I can't stand this uncertainty!
The company model is that the pay out 90% of their net profit in dividends to the unit holders and they have consistantly done that since 1997. Figure out how much you would have had if you had bought $10K worth in 1997 and repurchased units. Better yet, figure out how much you would be into the stock now if you had kept and reinvested the divided in some other profitable stock (or maybe just spent it) for all those years.