5 Industrial Dividend Stocks with Over 3% Yield

1. Nordic American Tankers Limited (NYSE: NAT)

Number of Hedge Fund Holders: 10
Dividend Yield: 11.9%

Nordic American Tankers Limited (NYSE: NAT), a tanker company, ranks 1st on our list of industrial dividend stocks with over 3% yield. The company acquires and charters double-hull tankers in Bermuda and internationally.

Jonathan Chappell from Evercore ISI upgraded Nordic American Tankers Limited (NYSE: NAT) to In Line this May, alongside raising the price target on shares of Nordic American Tankers Limited (NYSE: NAT) from $2.50 to $4 as well.

In the first quarter of 2021, Nordic American Tankers Limited (NYSE: NAT) had an EPS of -$0.16, beating estimates by $0.02. The company’s revenue was $18.81 million, beating the previous quarter’s revenue of $16.29 million.

By the end of the first quarter of 2021, 10 hedge funds out of the 866 tracked by Insider Monkey held stakes in Nordic American Tankers Limited (NYSE: NAT) worth roughly $7.11 million. This is compared to 5 hedge funds in the previous quarter with a total stake value of approximately $7.6 million.

You can also take a look at 15 Fastest Growing Dividend Stocks and 10 Best Long-Term Dividend Stocks to Buy and Hold.

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