Nordic American Tanker (NAT) Declares $0.12 Quarterly Dividend; 5.6% Yield

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Go back to Nordic American Tanker (NAT) Declares $0.12 Quarterly Dividend; 5.6% Yield

Nordic American Tankers Limited (NYSE:NAT) Announces a cash dividend for the 68th consecutive quarter and a distribution of dividend-in-kind

July 11, 2014 7:00 AM EDT

HAMILTON, Bermuda, July 11, 2014 (GLOBE NEWSWIRE) -- Nordic American Tankers Limited ("NAT" or "the Company") today announced information about a) the declaration of a cash dividend in NAT and b) the distribution of the dividend-in-kind of a portion of the NAT shares in Nordic American Offshore Ltd. ("NAO").

Cash dividend:

The NAT Board of Directors has declared a dividend of $0.12 per common share. The record date is July 25, 2014 and the payment of dividend is expected to take place on or about August 12, 2014.

Dividend-in-kind:

We have previously informed investors about the... More