Nordic American Tankers Ltd. today announced that its Board of Directors has declared a dividend of $0.16 for the fourth quarter of 2012. The Company is assessing expansion plans including ordering of new vessels from shipyards or buying second hand vessels at historically low prices.
The level of the declared dividend should be seen in the context of a planned fleet expansion. Expansion is essentially the same as investing in the future. However, also yield is a priority as demonstrated by this payment of dividend for the 62nd consecutive quarter since the autumn of 1997.
The record date is expected to be January 30, 2013 and the payment of dividend is expected to take place on or about February 13, 2013.
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NAT, January 17, 2013