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.
Fool contributor Eric Volkman has no position in Nordic American Tankers, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.