Nordic American Tankers Ltd (NYSE: NAT) – Dividend paid 102 consecutive quarters

Rhea-AI Summary

Nordic American Tankers (NAT) has a longstanding commitment to its dividend policy, having declared dividends for 102 consecutive quarters. This consistency underscores the company's focus on returning income to shareholders. The management emphasizes that the dividend remains a priority moving forward, aligning with their strategies to maintain shareholder value. Investors are encouraged to track the company's performance through regular updates for insights into future dividends and overall financial health.

Positive

• Consistent dividend declaration over 102 quarters indicating strong shareholder return.
• Management reiterates commitment to prioritizing dividends, enhancing investor confidence.

Negative

• None.

 

Tuesday, March 28, 2023

Please find enclosed a table illustrating the dividend declared over 102 consecutive quarters.  The dividend policy is a priority for NAT and will remain so. 

www.nat.bm

 

 

 CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statements in order to encourage companies to provide prospective information about their business. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements, which are other than statements of historical facts.

The Company desires to take advantage of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and is including this cautionary statement in connection with this safe harbor legislation. The words “believe,” “anticipate,” “intend,” “estimate,” “forecast,” “project,” “plan,” “potential,” “will,” “may,” “should,” “expect,” “pending” and similar expressions identify forward-looking statements.

The forward-looking statements in this press release are based upon various assumptions, many of which are based, in turn, upon further assumptions, including without limitation, our management’s examination of historical operating trends, data contained in our records and other data available from third parties. Although we believe that these assumptions were reasonable when made, because these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you that we will achieve or accomplish these expectations, beliefs or projections. We undertake no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.

Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the strength of world economies and currencies, general market conditions, including fluctuations in charter rates and vessel values, changes in demand in the tanker market, as a result of changes in OPEC’s petroleum production levels and worldwide oil consumption and storage, changes in our operating expenses, including bunker prices, drydocking and insurance costs, the market for our vessels, availability of financing and refinancing, changes in governmental rules and regulations or actions taken by regulatory authorities, potential liability from pending or future litigation, general domestic and international political conditions, potential disruption of shipping routes due to accidents or political events, vessels breakdowns and instances of off-hires and other important factors described from time to time in the reports filed by the Company with the Securities and Exchange Commission, including the prospectus and related prospectus supplement, our Annual Report on Form 20-F, and our reports on Form 6-K.

 

Contacts:       

Alexander Kihle, Finance Manager
Nordic American Tankers Ltd
Tel: +47 91 724 171

Bjørn Giæver, CFO                                                             
Nordic American Tankers Ltd                                             
Tel: +1 888 755 8391                                  

 

 

Attachment

• NAT Dividend History

FAQ

What is the current dividend amount for NAT?

The press release does not specify the current dividend amount, but NAT has maintained dividend payments for 102 consecutive quarters.

When does NAT typically pay its dividends?

Specific dates for dividend payments are not mentioned in the press release; however, NAT is committed to regular dividend payments.

How often does NAT declare dividends?

NAT declares dividends quarterly, as indicated by their 102 consecutive quarters of dividend declarations.

Is the NAT dividend sustainable?

While the company emphasizes its commitment to dividends, sustainability depends on various factors, including market conditions and company performance.