Nordic American Tankers Makes It 64 in a Row

Shipping magnate Nordic American Tankers (NYSE: NAT  ) announced today its second-quarter dividend of $0.16 per share, the same rate it's paid for the past two quarters after slashing the payout 47% from $0.30 per share. Even so, it marks the 64th consecutive quarterly dividend payment the tanker operator has made.

The board of directors said the quarterly dividend is payable on Aug. 13 to the holders of record at the close of business on July 31. The tanker operator has made quarterly payouts to investors since 1997. 

The regular dividend payment equates to a $0.64-per-share annual dividend, yielding 8.2% based on the closing price of Nordic American Tankers' stock on July 8.

NAT Dividend Chart

NAT Dividend data by YCharts.

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  • Report this Comment On July 09, 2013, at 12:19 PM, alltypecoll wrote:

    NAT has a great staff of true viking descent lets hope things emprove

  • Report this Comment On August 07, 2013, at 6:50 PM, DrGoldin wrote:

    Yeah, I like their CEO with his perfect Norwegian accent--and I actually believe him when he says they're just about the most conservative shipper in the business, because the less conservative ones are all bankrupt--but every conceivable economic and political force is operating against this one right now. It's gonna sink a little more (pun fully intended).

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