Nordic American Tankers Stock (NYSE: NAT)

Nordic American Tankers (NYSE:NAT) Stock, Quote.Headers.trade-ideas

Nordic American Tankers

Nordic American Tankers Ltd owns and operates double hull crude oil tankers. It is an international tanker company that owns double-hull Suezmax tankers. It operates vessels in the spot market or on spot market-related charters pursuant to cooperative arrangements with third parties. The company's fleet consists of crude oil tankers, and all of its vessels are employed in the spot market. The company has only one type of vessel - Suezmax crude oil tankers. It operates in markets that are very competitive and based mainly on supply and demand.

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Nordic American Tankers Q1 net voyage revenue at $60.572M, misses consensus of $76.562M. TCE at $33,570 per day per ship. Declares $0.12 dividend.

Nordic American Tankers Faces Rough Seas: Q1 Revenue Misses Estimates Amid Fleet Expansion

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Jefferies analyst Omar Nokta downgrades Nordic American Tankers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NAT#NYSE">NAT</a>) from Buy to Hold and maintains the price target from $4 to $4.

Downgrades

Jefferies Downgrades Nordic American Tankers to Hold, Maintains Price Target to $4

Evercore ISI Group analyst Jonathan Chappell maintains Nordic American Tankers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NAT#NYSE">NAT</a>) with a In-Line and lowers the price target from $4.5 to $4.

Evercore ISI Group Maintains In-Line on Nordic American Tankers, Lowers Price Target to $4

Jefferies analyst Omar Nokta maintains Nordic American Tankers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NAT#NYSE">NAT</a>) with a Buy and lowers the price target from $5 to $4.

Jefferies Maintains Buy on Nordic American Tankers, Lowers Price Target to $4

Nordic American Tankers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NAT#NYSE">NAT</a>) reported quarterly earnings of $0.10 per share which beat the analyst consensus estimate of $0.08 by 25 percent. This is a 23.08 percent decrease over earnings of $0.13 per share from the same period last year. The company reported quarterly sales of $66.099 million which beat the analyst consensus estimate of $61.060 million by 8.25 percent. This is a 2.50 percent decrease over sales of $67.796 million the same period last year.

Earnings Beats

Nordic American Tankers Q2 2024 GAAP EPS $0.10 Beats $0.08 Estimate, Sales $66.099M Beat $61.060M Estimate

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a <a href="https://www.benzinga.com/yield-investments">high dividend payout</a>.
Benzinga readers can review the latest analyst takes on their favorite stocks by visiting our <a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings</a> page. Traders can sort through Benzinga's extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie">by analyst accuracy</a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the energy sector.
<h3 class="wp-block-heading">Nordic American Tankers Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NAT#NYSE">NAT</a>)</h3>
<ul>
<li>Dividend Yield: 13.48%</li>
<li>Jefferies analyst Omar Nokta maintained a Buy rating and cut the price target from $5.5 to $5 on May 29. This analyst has an accuracy rate of 76%.</li>
<li>Evercore ISI Group analyst Jonathan Chappell maintained an In-Line rating and slashed the price target from $5 to $4.5 on Feb. 29. This analyst has an accuracy rate of 74%.</li>
<li>Recent News: On May 29, Nordic American Tankers reported the first-quarter FY24 net voyage revenue of $60.572 million, missed the consensus of $76.562 million.</li>
<li>Benzinga Pro&#8217;s real-time newsfeed alerted to<a href="https://pro.benzinga.com/dashboard"> latest NAT news</a></li>
</ul>
<h3 class="wp-block-heading">Vitesse Energy, Inc. &nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VTS#NYSE">VTS</a>)</h3>
<ul>
<li>Dividend Yield: 8.58%</li>
<li>Alliance Global Partners analyst Jeff Grampp maintained a Buy rating and cut the price target from $28 to $26 on Aug. 7. This analyst has an accuracy rate of 60%.</li>
<li>Roth MKM analyst John White initiated coverage on the stock with a Buy rating and a price target of $30.5 on Oct. 16, 2023. This analyst has an accuracy rate of 69%.</li>
<li>Recent News: On Aug. 5, Vitesse Energy posted downbeat quarterly earnings.</li>
<li>Benzinga Pro&#8217;s charting tool helped identify the <a href="https://pro.benzinga.com/dashboard">trend in VTS stock.</a></li>
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<h3 class="wp-block-heading">Chord Energy Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CHRD#NASDAQ">CHRD</a>)</h3>
<ul>
<li>Dividend Yield: 7.58%</li>
<li>Piper Sandler analyst Mark Lear maintained an Overweight rating and cut the price target from $234 to $206 on Aug. 15. This analyst has an accuracy rate of 65%.</li>
<li>Wolfe Research analyst Doug Leggate reinstated a Peer Perform rating on July 18. This analyst has an accuracy rate of 66%.</li>
<li>Recent News: On Aug. 7, Chord Energy posted downbeat quarterly earnings.</li>
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Nordic American Tankers Limited&nbsp;(NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NAT#NYSE">NAT</a>) shares are trading lower after it reported the first-quarter FY24 net voyage revenue of $60.572 million, missed the <a target="_blank" href="https://www.benzinga.com/pressreleases/24/05/g39061284/nordic-american-tankers-ltd-nyse-nat-report-as-per-march-31-2024-dividend-is-a-top-priority" rel="noreferrer noopener">consensus of $76.562 million</a>.
The company&#8217;s average time charter equivalent (TCE) for its fleet came in at $33,570 per day per ship in the quarter.
NAT reported a net operating income of $23.063 million, compared to $54.676 million in the same quarter a year ago.
Adjusted EBITDA stood at $37.056 million vs. $67.668 million a year ago. EPS for the quarter was $0.07,&nbsp;<a target="_blank" href="https://www.benzinga.com/calendars/earnings" rel="noreferrer noopener">missing the consensus of $0.11.</a>
Nordic American Tankers&#8217; operating cash flow totaled $37.589 million for the three months ended March 31.
As of March-end, NAT&#8217;s fleet consisted of 20 Suezmax tankers, each capable of lifting 1 million barrels of oil.
NAT&#8217;s net debt stood at $228 million, which equals $11.4 million per ship based on 20 vessels as of March-end.
Dividend: The company declared a dividend per share of $0.12, payable on July 18 to shareholders of record as of June 28.&nbsp;
The company says that its six new vessels will enter the Suezmax fleet in 2024, 23 in 2025, and 38 in 2026, and so far, 13 new build orders have been booked for<a target="_blank" href="https://www.benzinga.com/calendars/guidance" rel="noreferrer noopener"> 2027 and only 1 for 2028</a>.
Investors can gain exposure to the stock via TrueShares Active Yield ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ERNZ#NASDAQ">ERNZ</a>).
Price Action: NAT shares traded lower by 8.75% at $3.86 at the last check Wednesday.

Jefferies analyst Omar Nokta maintains Nordic American Tankers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NAT#NYSE">NAT</a>) with a Buy and lowers the price target from $5.5 to $5.

Jefferies Maintains Buy on Nordic American Tankers, Lowers Price Target to $5

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Nordic American Tankers Q1 Average Time Charter Equivalent (TCE) For Its Fleet Came In At $34,320 Per Day Per Ship

Nordic American Tankers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NAT#NYSE">NAT</a>) reported quarterly earnings of $0.07 per share which missed the analyst consensus estimate of $0.11 by 36.36 percent. The company reported quarterly sales of $60.572 million which missed the analyst consensus estimate of $76.562 million by 20.89 percent. This is a 30.45 percent decrease over sales of $87.094 million the same period last year.

Earnings Misses

Nordic American Tankers Q1 2024 GAAP EPS $0.07 Misses $0.11 Estimate, Sales $60.572M Miss $76.562M Estimate

As of May 22, 2024, five stocks in the energy sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
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<h3 class="wp-block-heading">NextDecade Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/NEXT#NASDAQ">NEXT</a>)</h3>
<ul>
<li>On May 20, Abu Dhabi Oil &amp; Gas giant ADNOC announced it secured an equity position and LNG offtake agreement in NextDecade's Rio Grande LNG project. Matt Schatzman, NextDecade's Chairman and Chief Executive Officer, said, "We are excited to begin a multi-decade partnership with ADNOC, a major player in the global LNG market, and we look forward to having them as both a commercial offtaker and an equity partner in Rio Grande LNG. LNG from our facility will allow ADNOC to further increase its presence in the global LNG market, while also supplying global customers with more affordable and less carbon-intensive LNG." The company's stock gained around 28% over the past month and has a <a href="https://www.benzinga.com/quote/NEXT">52-week high of $8.74</a>.</li>
<li>RSI Value: 77.76&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>NEXT Price Action: Shares of NextDecade fell 1% to close at $7.93 on Tuesday.</li>
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<h3 class="wp-block-heading">Targa Resources Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TRGP#NYSE">TRGP</a>)</h3>
<ul>
<li>On May 2, Targa Resources posted better-than-expected first-quarter sales. The company's stock gained around 4% over the past five days and <a href="https://www.benzinga.com/quote/TRGP">has a 52-week high</a> of $119.68.</li>
<li>RSI Value: 71.51</li>
<li>TRGP Price Action: Shares of Targa Resources rose 0.6% to close at $118.20 on Tuesday.</li>
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<h3 class="wp-block-heading">Teekay Tankers Ltd. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TNK#NYSE">TNK</a>)</h3>
<ul>
<li>On May 9, Teekay Tankers posted stronger-than-expected quarterly results. The company's stock gained around 28% over the past month and has a <a href="https://www.benzinga.com/quote/TNK">52-week high</a> of $72.76.</li>
<li>RSI Value: 76.10</li>
<li>TNK Price Action: Shares of Teekay Tankers gained 1.7% to close at $71.83 on Tuesday.</li>
</ul>
<h3 class="wp-block-heading">Nordic American Tankers Limited (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NAT#NYSE">NAT</a>)</h3>
<ul>
<li>On Feb. 29, Nordic American Tankers posted weak quarterly results. The company's stock jumped around 15% over the past month and has a 52-week high is $4.83.</li>
<li>RSI Value: 73.32</li>
<li>NAT Price Action: Shares of Nordic American Tankers rose 0.9% to close at $4.34 on Tuesday.</li>
</ul>
<h3 class="wp-block-heading">ProPetro Holding Corp. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PUMP#NYSE">PUMP</a>)</h3>
<ul>
<li>On May 1, ProPetro Holding posted upbeat quarterly earnings. Sam Sledge, Chief Executive Officer, commented, &#8220;We are excited to start off 2024 with strong financial results and positive momentum. Our results reflect a strategy that is working.&#8221; The company's stock jumped around 17% over the past month and <a href="https://www.benzinga.com/quote/PUMP">has a 52-week high</a> of $11.37.</li>
<li>RSI Value: 71.11</li>
<li>PUMP Price Action: Shares of ProPetro Holding rose 2.6% to close at $9.90 on Tuesday.</li>
</ul>
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During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a <a href="https://www.benzinga.com/yield-investments"> high dividend payout. </a>
Benzinga readers can review the latest analyst takes on&nbsp;their favorite stocks&nbsp;by visiting our&nbsp;<a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings&nbsp;</a>page. Traders can sort through Benzinga&#39;s extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie"> by analyst accuracy </a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the energy sector.
<h3>Nordic American Tankers Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nat#NYSE">NAT</a>)</h3>
<ul>
<li>Dividend Yield: 12.21%</li>
<li>Jefferies analyst Omar Nokta reiterated a Buy rating with a price target of $5.5 on Feb. 29, 2024. This analyst has an accuracy rate of 73%.</li>
<li>B. Riley Securities analyst Liam Burke maintained a Buy rating and boosted the price target from $5.5 to $6 on Aug. 29, 2023. This analyst has an accuracy rate of 65%.</li>
<li>Recent News: On Feb. 29, Nordic American Tankers posted weaker-than-expected quarterly results.</li>
</ul>
<h3>Kimbell Royalty Partners, LP (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/krp#NYSE">KRP</a>)</h3>
<ul>
<li>Dividend Yield: 10.80%</li>
<li>Raymond James analyst John Freeman maintained a Strong Buy rating and cut the price target from $22 to $20 on Jan. 24, 2024. This analyst has an accuracy rate of 80%.</li>
<li>Keybanc analyst Tim Rezvan maintained an Overweight rating and lowered the price target from $21 to $20 on Jan. 11, 2024. This analyst has an accuracy rate of 62%.</li>
<li>Recent News: Kimbell Royalty Partners said it will release its first quarter 2024 financial results on May 2, 2024, before the opening bell.</li>
</ul>
<h3>Ardmore Shipping Corporation (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/asc#NYSE">ASC</a>)</h3>
<ul>
<li>Dividend Yield: 5.14%</li>
<li>Stifel analyst Benjamin Nolan maintained a Buy rating and boosted the price target from $20 to $21 on Feb. 16, 2024. This analyst has an accuracy rate of 73%.</li>
<li>Jefferies analyst Omar Nokta reiterated a Buy rating with a price target of $20 on Feb. 15, 2024. This analyst has an accuracy rate of 73%.</li>
<li>Recent News: On March 15, Ardmore Shipping said it has filed 2023 annual report on Form 20-F.</li>
</ul>
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Alexander Hansson, Non-Executive Vice Chairman of Nordic American Tankers Ltd (NAT) and son of Herbjorn Hansson, the NAT Founder, Chairman and CEO, has today bought 250,000 shares in NAT at $4.25 per share for a total sum of $1,062,500.
Following these transactions, Monaco based Alexander Hansson privately owns 2,500,000 shares in NAT.
As in the past, the Hansson family is the largest private shareholder group in the company.&nbsp;
For contacts, please see at the end of this communication.
Sincerely,
Herbjorn Hansson Founder, Chairman &amp; CEO
Nordic American Tankers Ltd.&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<a href="https://www.globenewswire.com/Tracker?data=lViHrW0F9pR6iV6ZD55wsPPloVXCQ_GSWncMHkpTqSA9lGGULvwTvi2uTWYlv_LhHFdGkTnNgZPerNs2qPYWfA==">www.nat.bm</a> &nbsp;

Insider Trades

Nordic American Tankers' Alexander Hansson And Son Bought 250,000 Shares At An Average Price Of $4.25/Share For A Total Sum Of $1,062,500

Evercore ISI Group analyst Jonathan Chappell maintains Nordic American Tankers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NAT#NYSE">NAT</a>) with a In-Line and lowers the price target from $5 to $4.5.

Evercore ISI Group Maintains In-Line on Nordic American Tankers, Lowers Price Target to $4.5

Jefferies analyst Omar Nokta reiterates Nordic American Tankers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NAT#NYSE">NAT</a>) with a Buy and maintains $5.5 price target.

Reiteration

Jefferies Reiterates Buy on Nordic American Tankers, Maintains $5.5 Price Target

Nordic American Tankers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NAT#NYSE">NAT</a>) reported its Q4 earnings results on Thursday, February 29, 2024 at 05:23 AM.
Here's what investors need to know about the announcement.
<h3>Earnings</h3>
Nordic American Tankers missed estimated earnings by -38.0%, reporting an EPS of $0.08 versus an estimate of $0.13.
Revenue was down $11.84 million from the same period last year.
<h3>Past Earnings Performance</h3>
Last quarter the company missed on EPS by $0.01 which was followed by a 1.0% drop in the share price the next day.
Here's a look at Nordic American Tankers's past performance:

<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2023</th>
<th>Q2 2023</th>
<th>Q1 2023</th>
<th>Q4 2022</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td>0.05</td>
<td>0.14</td>
<td>0.20</td>
<td>0.19</td>
</tr>
<tr>
<td>EPS Actual</td>
<td>0.04</td>
<td>0.13</td>
<td>0.22</td>
<td>0.17</td>
</tr>
<tr>
<td>Revenue Estimate</td>
<td>59.14M</td>
<td>68.32M</td>
<td>80.03M</td>
<td>74.12M</td>
</tr>
<tr>
<td>Revenue Actual</td>
<td>48.04M</td>
<td>67.80M</td>
<td>87.09M</td>
<td>71.10M</td>
</tr>
</tbody>
</table>

To track all earnings releases for Nordic American Tankers <a href="https://www.benzinga.com/quote/NAT/earnings">visit their earnings calendar here.</a> 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

Recap: Nordic American Tankers Q4 Earnings

Nordic American Tankers Q4 Average Time Charter Equivalent (TCE) For Its Fleet Came In At $39,170 Per Day Per Ship

Nordic American Tankers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NAT#NYSE">NAT</a>) reported quarterly earnings of $0.08 per share which missed the analyst consensus estimate of $0.13 by 38.46 percent. This is a 52.94 percent decrease over earnings of $0.17 per share from the same period last year. The company reported quarterly sales of $59.25 million which missed the analyst consensus estimate of $68.69 million by 13.74 percent. This is a 16.66 percent decrease over sales of $71.10 million the same period last year.

Nordic American Tankers Q4 EPS $0.08 Misses $0.13 Estimate, Sales $59.25M Miss $68.69M Estimate

During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a <a href="https://www.benzinga.com/yield-investments"> high dividend payout. </a>
Benzinga readers can review the latest analyst takes on&nbsp;their favorite stocks&nbsp;by visiting our&nbsp;<a href="https://www.benzinga.com/analyst-stock-ratings">Analyst Stock Ratings&nbsp;</a>page. Traders can sort through Benzinga&#39;s extensive database of analyst ratings, including <a href="https://www.benzinga.com/analyst-ratings/analyst-color/22/09/28888638/exclusive-study-finds-benzinga-analyst-ratings-data-yields-market-beating-strategie"> by analyst accuracy </a>.
Below are the ratings of the most accurate analysts for three high-yielding stocks in the energy sector.
<h3>Vitesse Energy, Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/vts#NYSE">VTS</a>)</h3>
<ul>
<li>Dividend Yield: 8.96%</li>
<li>Alliance Global Partners analyst Jeff Grampp initiated coverage on the stock with a Buy rating and a price target of $27 on Nov. 16, 2023. This analyst has an accuracy rate of 65%.</li>
<li>Roth MKM analyst John White initiated coverage on the stock with a Buy rating and a price target of $30.5 on Oct. 16, 2023. This analyst has an accuracy rate of 67%.</li>
<li>Recent News: On Feb. 26, Vitesse Energy posted better-than-expected fourth-quarter earnings.</li>
</ul>
<h3>Kinetik Holdings Inc. (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/kntk#NYSE">KNTK</a>)</h3>
<ul>
<li>Dividend Yield: 9.05%</li>
<li>Goldman Sachs analyst John Mackay reinstated a Buy rating with a price target of $39 on Oct. 6, 2023. This analyst has an accuracy rate of 62%.</li>
<li>Mizuho analyst Gabriel Moreen maintained a Buy rating and raised the price target from $37 to $39 on July 21, 2023. This analyst has an accuracy rate of 68%.</li>
<li>Recent News: Kinetik said it will host its fourth quarter 2023 results conference call on Feb. 29, 2024.</li>
</ul>
<h3>Nordic American Tankers Limited (NYSE: <a class="ticker" href="https://www.benzinga.com/stock/nat#NYSE">NAT</a>)</h3>
<ul>
<li>Dividend Yield: 5.88%</li>
<li>B. Riley Securities analyst Liam Burke maintained a Buy rating and raised the price target from $5.5 to $6 on Aug. 29, 2023. This analyst has an accuracy rate of 65%.</li>
<li>Jefferies analyst Omar Nokta reiterated a Buy rating with a price target of $5 on May 22, 2023. This analyst has an accuracy rate of 78%.</li>
<li>Recent News: On Nov. 29, Nordic American Tankers posted downbeat quarterly results.</li>
</ul>
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Today, January 17, 2024, marks an important moment for investors of Nordic American Tankers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NAT#NYSE">NAT</a>). The company will distribute a dividend payout of $0.06 per share, demonstrating an annualized dividend yield of 5.61%. Remember, only shareholders prior to the ex-dividend date on December 19, 2023 are eligible for this payout.
<h3>Nordic American Tankers Recent Dividend Payouts</h3>
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<thead>
<tr>
<th>Ex-Date</th>
<th style="text-align: right;">Payments per year</th>
<th>Dividend</th>
<th>Yield</th>
<th>Announced</th>
<th>Record</th>
<th>Payable</th>
</tr>
</thead>
<tbody>
<tr>
<td>2023-12-19</td>
<td style="text-align: right;">4</td>
<td>$0.06</td>
<td>5.61%</td>
<td>2023-11-29</td>
<td>2023-12-20</td>
<td>2024-01-17</td>
</tr>
<tr>
<td>2023-09-13</td>
<td style="text-align: right;">4</td>
<td>$0.13</td>
<td>12.68%</td>
<td>2023-08-28</td>
<td>2023-09-14</td>
<td>2023-10-05</td>
</tr>
<tr>
<td>2023-06-14</td>
<td style="text-align: right;">4</td>
<td>$0.15</td>
<td>16.22%</td>
<td>2023-05-22</td>
<td>2023-06-15</td>
<td>2023-07-06</td>
</tr>
<tr>
<td>2023-03-13</td>
<td style="text-align: right;">4</td>
<td>$0.15</td>
<td>15.79%</td>
<td>2023-02-27</td>
<td>2023-03-14</td>
<td>2023-03-28</td>
</tr>
<tr>
<td>2022-12-05</td>
<td style="text-align: right;">4</td>
<td>$0.05</td>
<td>6.25%</td>
<td>2022-11-10</td>
<td>2022-12-06</td>
<td>2022-12-20</td>
</tr>
<tr>
<td>2022-09-14</td>
<td style="text-align: right;">4</td>
<td>$0.03</td>
<td>4.44%</td>
<td>2022-08-30</td>
<td>2022-09-15</td>
<td>2022-10-12</td>
</tr>
<tr>
<td>2022-06-13</td>
<td style="text-align: right;">4</td>
<td>$0.02</td>
<td>3.48%</td>
<td>2022-05-31</td>
<td>2022-06-14</td>
<td>2022-07-06</td>
</tr>
<tr>
<td>2022-03-10</td>
<td style="text-align: right;">4</td>
<td>$0.01</td>
<td>2.56%</td>
<td>2022-02-24</td>
<td>2022-03-11</td>
<td>2022-03-30</td>
</tr>
<tr>
<td>2021-12-06</td>
<td style="text-align: right;">4</td>
<td>$0.01</td>
<td>2.09%</td>
<td>2021-11-24</td>
<td>2021-12-07</td>
<td>2021-12-21</td>
</tr>
<tr>
<td>2021-09-23</td>
<td style="text-align: right;">4</td>
<td>$0.01</td>
<td>1.72%</td>
<td>2021-08-30</td>
<td>2021-09-24</td>
<td>2021-10-14</td>
</tr>
<tr>
<td>2021-06-03</td>
<td style="text-align: right;">4</td>
<td>$0.02</td>
<td>2.24%</td>
<td>2021-05-25</td>
<td>2021-06-04</td>
<td>2021-06-18</td>
</tr>
<tr>
<td>2021-03-11</td>
<td style="text-align: right;">4</td>
<td>$0.02</td>
<td>2.5%</td>
<td>2021-02-26</td>
<td>2021-03-12</td>
<td>2021-03-31</td>
</tr>
</tbody>
</table>
Nordic American Tankers's dividend yield falls in the middle range when compared to its industry peers, with Okeanis Eco Tankers (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ECO#NYSE">ECO</a>) having the highest annualized dividend yield at 18.10%.
<h3>Analyzing Nordic American Tankers Financial Health</h3>
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing. 
<h3>YoY Growth in Dividend Per Share</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1705503920_0.png" alt="dividend chart graph" />
From 2020 to 2023, the company's dividend per share showed a positive trend, increasing steadily from $0.45 in 2020 to $0.49 in 2023. This demonstrates the company's commitment to rewarding shareholders by consistently raising dividends.
<h3>YoY Earnings Growth For Nordic American Tankers</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1705503920_1.png" alt="earning chart graph" />
The earnings chart displays a decline in Nordic American Tankers's earnings per share, decreasing from $0.62 in 2020 to $0.56 in 2023. This downward trend in earnings raises concerns for income-seeking investors, as it suggests a potential impact on future cash dividend payouts. It is important to closely evaluate the factors contributing to this decrease to assess the company's financial health and dividend sustainability.
<h3>Recap</h3>
This article takes an in-depth look at Nordic American Tankers's recent dividend payout and its implications for shareholders. The company is currently distributing a dividend of $0.06 per share today, translating to an annualized dividend yield of 5.61%.
Nordic American Tankers's dividend yield falls in the middle range when compared to its industry peers, with Okeanis Eco Tankers having the highest annualized dividend yield at 18.10%.
The increase in dividend per share from 2020 to 2023 combined with a decrease in earnings per share for Nordic American Tankers suggests a strategic decision to prioritize shareholder returns over earnings growth.
Investors are advised to closely monitor the company's performance in the upcoming quarters to stay informed about any fluctuations in financials or dividend disbursements.
\To keep track of which companies are distributing dividends, <a href="https://www.benzinga.com/calendars/dividends">click here</a> to visit our Dividends Calendar. 
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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