Nordic American Tanker Ltd Declares Quarterly Dividend of $0.13 (NAT)
Nordic American Tanker (NYSE:NAT) announced a quarterly dividend on Monday, July 21st, American Banking News reports. Shareholders of record on Friday, July 25th will be paid a dividend of 0.13 per share on Monday, August 11th. This represents a $0.52 annualized dividend and a dividend yield of 5.51%. The ex-dividend date is Wednesday, July 23rd.
NAT has been the subject of a number of recent research reports. Analysts at Canaccord Genuity initiated coverage on shares of Nordic American Tanker in a research note on Tuesday, July 8th. They set a “sell” rating and a $7.00 price target on the stock. On a related note, analysts at TheStreet upgraded shares of Nordic American Tanker from a “sell” rating to a “hold” rating in a research note on Friday, June 20th. Finally, analysts at EuroPacific Canada initiated coverage on shares of Nordic American Tanker in a research note on Thursday, May 29th. They set a “neutral” rating and a $8.00 price target on the stock. Two investment analysts have rated the stock with a sell rating and seven have issued a hold rating to the company’s stock. Nordic American Tanker has a consensus rating of “Hold” and a consensus target price of $8.08.
Shares of Nordic American Tanker (NYSE:NAT) traded up 1.40% on Monday, hitting $9.43. 1,443,706 shares of the company’s stock traded hands. Nordic American Tanker has a 52-week low of $7.59 and a 52-week high of $12.61. The stock has a 50-day moving average of $8.96 and a 200-day moving average of $9.47. The company’s market cap is $710.9 million.
Nordic American Tanker (NYSE:NAT) last released its earnings data on Monday, May 12th. The company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by $0.11. The company had revenue of $45.02 million for the quarter, compared to the consensus estimate of $45.13 million. Analysts expect that Nordic American Tanker will post $-0.22 EPS for the current fiscal year.
Nordic American Tankers Limited is an international tanker company. As of December 31, 2011, the Company owned 20 Suezmax tankers.
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