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Stock impact report

Nordic American Tankers Ltd. (NYSE: NAT) – Dividend is a priority for NAT. The strong tanker market is continuing.

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
   Hamilton, Bermuda, April 14, 2020 Dear Shareholders, We regularly comment on geopolitical events with relevance to the tanker market and for our 23 suezmaxes that can load one million barrels each. In particular, we commented upon the Covid-19 pandemic in press releases of January 31 and March 2, 2020. At a time when companies are cutting back their dividend distribution, it is important for us to emphasize that dividend is a priority for NAT. We declared a dividend for 1Q 2020 of 14 cents per share payable in June this year. This is a doubling from 7 cents per share in 4Q 2019 and almost five times as high as the dividend in the first quarter of 2019 when it was 3 cents. The tanker market is continuing from strength to strength. This bodes well for our dividends going forward. Historically, tanker rates above USD 30,000 per day are good for NAT. O Show less Read more
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