Nordic American Tankers Limited (NYSE:NAT) Plans Dividend Increase – $0.27 Per Share

Posted by Brenda Bartman on Aug 27th, 2026

Nordic American Tankers Limited (NYSE:NAT – Get Free Report) declared a quarterly dividend on Thursday, August 27th. Shareholders of record on Thursday, September 10th will be given a dividend of 0.27 per share by the shipping company on Thursday, September 24th. This represents a c) dividend on an annualized basis and a yield of 16.0%. The ex-dividend date of this dividend is Thursday, September 10th. This is a 22.7% increase from Nordic American Tankers’s previous quarterly dividend of $0.22.

Nordic American Tankers has decreased its dividend by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 1 consecutive years. Nordic American Tankers has a dividend payout ratio of 251.4% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Nordic American Tankers to earn $0.33 per share next year, which means the company may not be able to cover its $0.88 annual dividend with an expected future payout ratio of 266.7%.

Nordic American Tankers Price Performance

Nordic American Tankers stock traded up $0.23 during trading hours on Thursday, hitting $6.75. 7,537,712 shares of the stock were exchanged, compared to its average volume of 4,126,351. The stock has a market capitalization of $1.43 billion, a P/E ratio of 24.99 and a beta of -0.57. The business’s 50-day moving average is $6.31 and its two-hundred day moving average is $5.74. The company has a debt-to-equity ratio of 0.83, a quick ratio of 2.75 and a current ratio of 3.00. Nordic American Tankers has a 12 month low of $2.96 and a 12 month high of $7.20.

Nordic American Tankers (NYSE:NAT – Get Free Report) last posted its earnings results on Thursday, May 28th. The shipping company reported $0.17 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.16 by $0.01. The company had revenue of $77.51 million during the quarter, compared to analysts’ expectations of $81.86 million. Nordic American Tankers had a net margin of 24.19% and a return on equity of 9.16%. Equities research analysts expect that Nordic American Tankers will post 0.58 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered Nordic American Tankers from a “strong-buy” rating to a “buy” rating in a research report on Sunday, July 26th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Nordic American Tankers has a consensus rating of “Reduce” and an average price target of $4.00.

Read Our Latest Research Report on NAT

About Nordic American Tankers

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Nordic American Tankers Limited is a Bermuda-based shipping company specializing in the ownership and operation of Suezmax crude oil tankers. The company’s fleet is employed on the spot and period charter markets, transporting crude oil across major global trade routes. By focusing on commercially flexible employment strategies, Nordic American Tankers seeks to optimize vessel utilization and generate stable income for shareholders.

Founded in 1995 and headquartered in Hamilton, Bermuda, Nordic American Tankers maintains technical and commercial management arrangements through established ship-management partners.