Nordic American Tanker Shipping (NAT) Reports Higher Q2 Earnings; Raises Qtr. Dividend from $1.18 to $1.60

August 8, 2008 8:26 AM EDT

Nordic American Tanker Shipping Ltd. (NYSE: NAT) reports Q2 EPS of $1.10, compared to $0.78 in the same quarter last year.

Nordic's Board declared a quarterly dividend of $1.60 per common share, payable on September 2 to shareholders of record on August 21. This dividend represents a 36% increase from its dividend of $1.18 declared last quarter.

Nordic American Tanker Shipping, Ltd. owns and operates crude oil tankers.


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