5 Oil Tanker Stocks That Pay Dividends

1. Danaos Corporation (NYSE:DAC)

Number of Hedge Fund Holders: 21  

Forward Dividend Yield: 3.07%

Danaos Corporation (NYSE:DAC) owns and operates containerships across the globe. The firm is based in Greece. On February 7, the firm declared a quarterly dividend of $0.75 per share, an increase of 50% from the previous payout of $0.50 per share. It also declared earnings for the fourth quarter of 2021 on the same date, reporting earnings per share of $6.10, beating estimates by $1.15. The revenue over the period was $215 million, up more than 79% compared to the revenue in the fourth quarter of 2020. 

On February 9. Citi analyst Christian Wetherbee kept a Neutral rating on Danaos Corporation (NYSE:DAC) stock and raised the price target to $115 from $90, appreciating the earnings of the firm driven by strong charting activity. 

At the end of the fourth quarter of 2021, 21 hedge funds in the database of Insider Monkey held stakes worth $197 million in Danaos Corporation (NYSE:DAC), compared to 16 in the preceding quarter worth $159 million. 

Among the hedge funds being tracked by Insider Monkey, Florida-based investment firm Impala Asset Management is a leading shareholder in Danaos Corporation (NYSE:DAC) with 974,041 shares worth more than $72 million. 

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