Hamilton, Bermuda, January 23, 2017
The Board of Nordic American Tankers Limited has declared a cash dividend of $0.20 per share for the fourth quarter of 2016, to shareholders of record February 10, 2017.
The dividend is expected to be paid on or about February 24, 2017.
The dividend takes into account NAT's future cash outlays, including the purchase of three suezmax newbuilding tankers that NAT has agreed to acquire for delivery during the second half of 2018, increasing the NAT suezmax fleet to 33 vessels.
The 4Q2016 earnings report is expected to be released Monday February 6, 2017 before NYSE opening.
Nordic American Tanker Shipping Ltd., press release