Nordic American Offshore (NAO) Declares $0.45 Quarterly Dividend; 10.1% Yield

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Go back to Nordic American Offshore (NAO) Declares $0.45 Quarterly Dividend; 10.1% Yield

Nordic American Offshore Ltd. (NYSE:NAO) 2Q2014 Dividend and Earnings Report: The Company is successfully listed on the NYSE as of June 12, 2014

August 6, 2014 6:45 AM EDT

Hamilton, Bermuda, Aug. 6, 2014 (GLOBE NEWSWIRE) -- Nordic American Offshore Ltd. ("NAO" or "the Company") earlier announced that it has declared a dividend of $0.45 per share for 2Q2014. This is the same as for 1Q2014. The record date is August 18, 2014 and the payment of dividend is expected to take place on or about August 29, 2014. Given that NAO was just established at the end 2013, it is gratifying indeed that the Company has been able to pay dividend so soon.

The Company had a successful IPO on the New York Stock Exchange in June 2014, raising net proceeds of around $100 million.... More