JET1C

The High Dividend Stock Investor's Collapsing Dollar Survival Guide, Part 3

Sorry that I'm getting into the discussion so late. I have owned NAT for a couple of years and I think that you need to go to their website and read about their model. They distribute 90% of their earnings each quarter to their stockholders. Their ships are leased out on the "Spot Market" for the going rate which fluctuates. They tell us that the operating cost for their tankers is under $10,000 per day and the spot market varies between around $40,000 and $80,000 per day. The only time the dividend goes down is when the "Spot Market" goes down. NAT doesn't just set an arbitrary sum as their didvidend, it is all based on income.