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Time Honored Nordic American Tankers Declare Dividend

Maritime Activity Reports, Inc.

October 18, 2013

Nordic American Tankers Limited (NYSE:NAT) has for the 65th time declared a dividend for its shareholders.

The company announced that its Board of Directors has declared a dividend of $0.16 per common share. The record date is November 20, 2013 and the payment of dividend is expected to take place on or about December 2, 2013.
 

  • In September 2011, the Company acquired its 20th Suezmax vessel, the Nordic Aurora for $24.45 million. The vessel is the sister of the Nordic Sprite, built in 1999 at Samsung Heavy Industries, Korea.
     
  • NAT today has an active trading fleet of 20 vessels, all employed in the spot market.
     
  • The Board has announced that it plans to grow NAT into a larger company in the tanker market business, and that it at all times will evaluate market opportunities and employment options to enhance the value of NAT and its dividend capability.