Nordic American Tanker Ltd (NAT) To Go Ex-Dividend on December 4th

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Nordic American Tanker Ltd (NYSE:NAT) declared a quarterly dividend on Monday, November 25th, Fidelity reports. Stockholders of record on Thursday, December 5th will be paid a dividend of 0.02 per share by the shipping company on Wednesday, December 18th. This represents a $0.08 annualized dividend and a dividend yield of 2.21%. The ex-dividend date of this dividend is Wednesday, December 4th.

Shares of NYSE:NAT opened at $3.62 on Monday. 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 -5.93 and a beta of 0.72. The company has a quick ratio of 1.83, a current ratio of 2.18 and a debt-to-equity ratio of 0.68. The business has a 50-day moving average price of $3.72 and a 200-day moving average price of $2.53.

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 consensus estimate of ($0.06) by ($0.04). Nordic American Tanker had a negative return on equity of 5.14% and a negative net margin of 20.86%. The firm had revenue of $32.35 million during the quarter, compared to analysts’ expectations of $45.03 million. As a group, equities analysts anticipate that Nordic American Tanker will post 0.03 EPS for the current fiscal year.

Several research analysts have recently issued reports on the company. ValuEngine cut 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 Nordic American Tanker and gave the stock a “buy” rating in a research note on Friday, August 16th. Zacks Investment Research upgraded Nordic American Tanker from a “hold” rating to a “buy” rating and set a $4.00 price objective for the company in a research note on Thursday. BTIG Research upgraded Nordic American Tanker from a “neutral” rating to a “buy” rating and set a $4.00 price objective for the company in a research note on Monday, October 7th. Finally, TheStreet upgraded Nordic American Tanker from a “d+” rating to a “c-” rating in a research note on Monday, October 21st. Two research analysts have rated the stock with a sell rating and three have given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $3.50.

About Nordic American Tanker

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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