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0 0 0 0.00821917808219185 -0.0027397260273972 0.00821917808219185 0.00547945205479465 -0.00424657534246571
Stock impact report

Nordic American Tankers: Persistent Underperformance Offset By Generous Payouts - Hold [Seeking Alpha]

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: Seeking Alpha
Despite the weak operating performance, the company declared a generous quarterly cash dividend of $0.13 per common share, which is payable on December 22. Earlier this month, the company entered into a letter of intent with a Korean shipyard for the construction of two Suezmax tankers at a price of $86 million per vessel. The company's aggressive fleet renewal efforts are likely to result in substantially increased leverage over time. With the seasonally strong fourth quarter likely to show meaningful improvement and expectations for generous dividend payments to continue, I am reiterating my "Hold" rating on the shares. Miragest/E+ via Getty Images Note: I have covered Nordic American Tankers Limited or "NAT" ( NAT ) previously, so investors should view this as an update to my earlier articles on the company. Please note also that the company is part More on my IG service Massively Outperform in Any Market Value Investor's Edge provides the world's best energy, Show less Read more
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