Nordic American Tankers Limited (NAT) Declared 111th Consecutive Quarterly Cash Dividend

Nordic American Tankers Limited (NYSE:NAT) announced a quarterly dividend of $0.07 per share on May 29, which showed a 16.7% hike from its previous dividend.

Nordic American Tankers Limited (NAT) Declared 111th Consecutive Quarterly Cash Dividend

A top-down view of a crane loading or unloading oil barrels from a Suezmax crude oil tanker.

The latest dividend marked the 111th straight quarter that Nordic American Tankers Limited (NYSE:NAT) has issued a payout. Alongside its consistent dividend record, the company maintained a solid cash position. In the most recent quarter, cash and cash equivalents grew to $103.2 million, from $39 million at the end of December 2024. Operating cash flow also improved significantly, reaching $9.7 million, compared to a negative $2.6 million in the previous quarter.

In its recent earnings report, Nordic American Tankers Limited (NYSE:NAT) affirmed its dividend policy and highlighted the following:

“We are a dividend company with the objective of having a strong balance sheet and low G&A costs, enabling us to distribute free cash flows to our shareholders. In an improved market, higher dividends can be expected.”

Nordic American Tankers Limited (NYSE:NAT) will trade ex-dividend on June 12, and it offers an attractive dividend yield of 15.13%, as of June 2.

NAT has surged by more than 6% since the start of 2025.

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