Nordic American Tanker (NAT) Declares $0.15 Quarterly Dividend; 9.7% Yield

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Go back to Nordic American Tanker (NAT) Declares $0.15 Quarterly Dividend; 9.7% Yield

Nordic American Tankers Limited (NYSE:NAT) - Declaration of Dividend for the 80th time. The position of NAT is very strong.

July 21, 2017 7:24 AM EDT

Hamilton, Bermuda, July 21, 2017

Nordic American Tankers Limited ("NAT") today announced that the 80th quarterly dividend of NAT (for 2Q2017) is expected to equal $0.15 per share. We commented on the NAT situation in our message of May 29.  Going forward, dividend payments are expected to remain a matter of priority. This time the dividend is expected to consist of two parts:

A cash dividend expected to be $0.10 per common share and a partial distribution of shares held by NAT in Nordic American Offshore Ltd. ("NAO"), expected to be equivalent to about $0.05 per NAT share. The basis for the... More