Oil tanker stocks. Big dividends

I recently bought some Nordic American Tanker (NAT) and Frontline (FRO), having traded them on and off for years. They are oil tanker stocks. The daily rates their ships charge are generally pegged to the Baltic Dry Index, which has been soaring lately.

They tend to be volatile stocks, so maybe they aren’t for the faint-hearted, but in addition to growth in the stock prices, they pay a whopping dividend. NAT currently yields 12% while FRO is at 17%, numbers which are not excessive for them. (I’ve owned NAT when it was consistently yielding above 20%.)

If you’re looking for big dividend yields, you might want to look at the tankers, especially oil tankers.

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