Nordic American Tanker Ltd (NYSE:NAT) Plans Quarterly Dividend of $0.02

Nordic American Tanker Ltd (NYSE:NAT) announced a quarterly dividend on Monday, November 25th, Fidelity reports. Shareholders 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 annualized dividend and a yield of 2.27%. The ex-dividend date of this dividend is Wednesday, December 4th.

Shares of NAT opened at $3.52 on Tuesday. The business has a 50-day simple moving average of $3.69 and a two-hundred day simple moving average of $2.55. The company has a quick ratio of 1.83, a current ratio of 2.18 and a debt-to-equity ratio of 0.68. Nordic American Tanker has a 52 week low of $1.66 and a 52 week high of $4.47. The stock has a market cap of $513.93 million, a price-to-earnings ratio of -5.77 and a beta of 0.72.

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

Several equities analysts have weighed in on NAT shares. TheStreet raised shares of Nordic American Tanker from a “d+” rating to a “c-” rating in a report on Monday, October 21st. ValuEngine cut shares of Nordic American Tanker from a “hold” rating to a “sell” rating in a research note on Tuesday, November 12th. B. Riley set a $5.00 price objective on shares of Nordic American Tanker and gave the company a “buy” rating in a research report on Friday, August 16th. BTIG Research upgraded shares of Nordic American Tanker from a “neutral” rating to a “buy” rating and set a $4.00 price objective on the stock in a research report on Monday, October 7th. Finally, Zacks Investment Research upgraded shares of Nordic American Tanker from a “hold” rating to a “buy” rating and set a $4.00 target price on the stock in a research note on Thursday, November 28th. Two investment analysts have rated the stock with a sell rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average 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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