NAT announces 2Q2017 dividend payment
Nordic American Tankers Limited (NAT) will announce the dividend for 2Q2017 at the end of July, reflecting the distribution for the 80th consecutive quarter since the autumn of 1997. The Company says rates in 2Q2017 were lower than in 1Q2017, but well above NAT's cash breakeven. In 1Q2017 dividend was $0.20 per NAT share.
Typically, the NAT dividend will vary with the level of the tanker market. NAT confirms that dividend is its high priority.