Nordic American Tankers Maintains Dividend

Nordic American Tankers (NYSE: NAT  ) is bringing another $0.16-per-share dividend into port. The shipping company has declared that amount for its latest common stock distribution, which will be paid on or about December 2 to shareholders of record as of November 20. That amount matches each of its three preceding distributions, the most recent of which was paid in August.

In the press release announcing the upcoming distribution, the company pointed out that it will represent its 65th quarterly payout.

The just-declared dividend annualizes to $0.64 per share. That yields 7.6% at Nordic American Tankers' most recent closing stock price of $8.41. 

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  • Report this Comment On October 17, 2013, at 11:58 AM, topkatone wrote:

    NAT continues to pay dividends due to the fact that NAT pays cash for all the tankers they put in service and no debt will give them the tanker edge in the future. topkatone

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