Friday, December 18, 2015

Nordic American Tanker Shipping (NAT) confirms dividend policy unchanged

  • Div/yield 0.38/10.61
Nordic American Tanker issues a financial and operational update; 4Q15 is progressing well : Co stated:
"We also wish to make it absolutely clear that NAT has no financial or operational relationships with MLPs. Our dividend policy remains in place. NAT has paid dividend for 73 consecutive quarters since the autumn of 1997. The financial position of NAT is solid. The net debt stood at $6.8 million per ship at the end of the third quarter 2015. The 4th quarter 2015 is progressing well. The tanker market is strong now, impacting the 4Q2015 results for NAT positively."




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