Nordic American Tanker Ltd (NAT) to Issue Quarterly Dividend of $0.02 on December 18th

Nordic American Tanker Ltd (NYSE:NAT) announced a quarterly dividend on Monday, November 25th, Fidelity reports. Investors of record on Thursday, December 5th will be given a dividend of 0.02 per share by the shipping company on Wednesday, December 18th. This represents a $0.08 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date is Wednesday, December 4th.

NAT opened at $3.62 on Monday. The company has a quick ratio of 1.83, a current ratio of 2.18 and a debt-to-equity ratio of 0.68. The firm has a market cap of $513.93 million, a P/E ratio of -5.93 and a beta of 0.72. Nordic American Tanker has a 52 week low of $1.66 and a 52 week high of $4.47. The business’s fifty day simple moving average is $3.72 and its 200 day simple moving average is $2.53.

Nordic American Tanker (NYSE:NAT) last issued its quarterly earnings results on Monday, November 25th. The shipping company reported ($0.10) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.06) by ($0.04). Nordic American Tanker had a negative return on equity of 5.14% and a negative net margin of 20.86%. The business had revenue of $32.35 million during the quarter, compared to analyst estimates of $45.03 million. As a group, equities analysts expect that Nordic American Tanker will post 0.03 EPS for the current fiscal year.

A number of brokerages have issued reports on NAT. BTIG Research raised Nordic American Tanker from a “neutral” rating to a “buy” rating and set a $4.00 price target on the stock in a research note on Monday, October 7th. Zacks Investment Research upgraded Nordic American Tanker from a “hold” rating to a “buy” rating and set a $4.00 price objective on the stock in a report on Thursday. B. Riley set a $5.00 price objective on Nordic American Tanker and gave the stock a “buy” rating in a report on Friday, August 16th. TheStreet upgraded Nordic American Tanker from a “d+” rating to a “c-” rating in a report on Monday, October 21st. Finally, ValuEngine downgraded Nordic American Tanker from a “hold” rating to a “sell” rating in a report on Tuesday, November 12th. Two investment analysts have rated the stock with a sell rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $3.50.

Nordic American Tanker Company Profile

Nordic American Tankers Limited, a tanker company, acquires and charters double-hull tankers in Bermuda and internationally. It operates a fleet of 33 Suezmax crude oil tankers. The company was founded in 1995 and is based in Hamilton, Bermuda.

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Dividend History for Nordic American Tanker (NYSE:NAT)

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