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NAT ex-dividend on 5/21 (3%)

Nordic American Tanker will pay a regular quarterly dividend of $1.24 on May 31 to holders as of Monday, May 21. That’s 3.1% of the share price of $40, or a 12% annual yield. The operator of crude-oil tankers landed buoyant spot rates this quarter, up 5 percent sequentially to just south of $42,000 a day. This in spite of declining spot rates industry-wide. Impressive.

NAT quote

2 Responses to “NAT ex-dividend on 5/21 (3%)”

  1. JOMIN Says:

    Does it mean NAT will pay a dividend of $1.24 every quarter of the year?

  2. Bock Says:

    No.

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