NAT Takes Delivery of Suezmax, Earnings Capacity Up
Nordic American Tankers Limited ("NAT" or "the Company") announced that it today took delivery of a Suezmax vessel, the Nordic Sirius, built at a shipyard in Japan. NAT agreed to purchase four vessels as announced in our press release May 2, 2016. Nordic Sirius is the third of these four vessels. In the course of 30 days, NAT has taken delivery of three vessels. The fourth vessel is expected to be taken over by us within mid-July 2016.
74th Consecutive Dividend from NAT
The Board of Nordic American Tankers Limited (NAT) has declared a cash dividend of $0.43 per share to shareholders of record January 27, 2016. The dividend is expected to be paid on or about February 10, 2016. The first dividend was paid in the autumn of 1997 and dividend payments have been made for 74 consecutive quarters. The dividend for 2015 as a whole came to $1.59 per share. At yesterday's close, the stock price was $13.32.
NAO Announces Financials, Declares Dividend
Nordic American Offshore Ltd. has declared a dividend of $0.45 per share for 3Q2014, as previously announced. This is the same dividend as for the previous two quarters. The record date is November 7, 2014 and the payment of dividend is expected to take place on or about November 21, 2014. Since its establishment in late 2013 this start-up company has paid 3 dividends totalling $1.35 per share. To prepare for a NYSE listing and for expansion…
Nordic American Offshore Appoints CEO
Nordic American Offshore Ltd. (NAO) announced that Tor-Øyvind Bjørkli will join the company as chief executive officer (CEO), effective April 1, 2014. Tor-Øyvind will be working from out of the Oslo office on the same premises as Orion Tankers; the chartering department of Nordic American Tankers Limited (NAT). A subsidiary of Nordic American Tankers is the manager of the recently established Nordic American Offshore Ltd. (NAO).
