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.

May 21st, 2007 at 11:55 am
Does it mean NAT will pay a dividend of $1.24 every quarter of the year?
May 30th, 2007 at 12:24 am
No.