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Nordic American Offshore (NYSE:NAO) announced a quarterly dividend on Friday, August 1st, StockRatingsNetwork.com reports. Stockholders of record on Monday, August 18th will be paid a dividend of 0.45 per share on Friday, August 29th. This represents a $1.80 annualized dividend and a dividend yield of 9.85%. The ex-dividend date is Thursday, August 14th.

NAO has been the subject of a number of recent research reports. Analysts at EuroPacific Canada initiated coverage on shares of Nordic American Offshore in a research note on Wednesday, July 9th. They set a “buy” rating on the stock. On the ratings front, analysts at Eurobank EFG initiated coverage on shares of Nordic American Offshore in a research note on Tuesday, July 8th. They set a “buy” rating on the stock. Finally, analysts at Citigroup Inc. initiated coverage on shares of Nordic American Offshore in a research note on Monday, July 7th. They set an “outperform” rating and a $22.00 price target on the stock. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $21.25.

Nordic American Offshore (NYSE:NAO) traded down 0.11% on Friday, hitting $18.28. The stock had a trading volume of 249,631 shares. Nordic American Offshore has a one year low of $14.00 and a one year high of $20.80. The stock’s 50-day moving average is $18.78 and its 200-day moving average is $18.78. The company’s market cap is $412.2 million.

Nordic American Offshore Ltd. is an international company. The Company is engaged in acquiring and operating platform supply vessels (NYSE:NAO), with an initial focus of operations in the North Sea.

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