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Stock impact report

Nordic American Tankers (NYSE: NAT) - The 1st Quarter 2019 report - Refinancing finalized. Strong start to a promising year.

Nordic American Tankers Limited (NAT) 
Last nordic american tankers limited earnings: 2/18 06:51 am Check Earnings Report
US:NYSE Investor Relations: nat.bm/investor-relations
Company Research Source: GlobeNewswire
Link to the complete 1st Quarter 2019 report: http://hugin.info/201/R/2244420/886311.pdf Hamilton, Bermuda, May 14, 2019 Highlights:   1Q2019 was a busy quarter and also saw the best result for NAT since 2Q2016 With this report we announce our 87th consecutive quarterly distribution. The dividend is 0.03 cents per share payable on June 12, 2019, to shareholders on record May 28, 2019. It is our objective to increase the dividend as tanker markets improve. the TCE (time charter equivalent) for our vessels in 1Q2019 saw an improvement of 30% from the previous quarter and came in at an average of $26,025 per day per ship compared to $20,100 in 4Q2018. The Net profit for 1Q2019, (after depreciation, G&A and finance charges) totaled $5.6 million compared to a net loss of $10.5 million in 4Q2018 and a net loss of $19.7 million in 1Q2018. This was $16.1 million better than the previous quarter and $25.3 million better than same quarter last year. This is a substantial imp Show less Read more
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