Nordic American Tankers Ltd (NAT)

[Eurotradr]

Unfortunately the market is not ready to turn just yet. Pricing deteriorated this past week. IMHO until pricing can remain north of 20 we will remain down here and dividends sitting at $0.02 as just reported.

Nordic American Tankers Limited (NYSE: NAT) - Financial Calendar & Dividend Declaration and ship sales concluded

Hamilton, Bermuda, July 25, 2018

Dear Shareholders,

NAT has set its dividend for the 2nd quarter at $0.02 per share. The record date is August 22, 2018 and the payment date will be on or about September 7, 2018. NAT is continuing its consistent policy of paying quarterly dividends. This is the 84th consecutive quarterly dividend declaration since the autumn of 1997.

As advised on our website some time ago, the 2Q2018 report is scheduled to be announced August 14, 2018 before NYSE opening.

Under reference to previous communication, please be advised that the sales of 8 ships in NAT (20yrs+) have been concluded. The net cash inflow to NAT is close to $80 mill which has been received. In a year, two or three, the NAT objective is to grow accretively and be the largest and most profitable suezmax owner in the world.

https://www.nat.bm/wp-content/uploads/2018/07/freightrates270718-2.pdf

https://cdn2.hubspot.net/hubfs/4375355/Research/Tankers/fw_week_30_2018.pdf?t=1532610217456

http://thebalticbriefing.com/tanker-report/tanker-report-week-30-3/

https://www.hellenicshippingnews.com/tanker-market-rates-27-07-2018/

We need a very strong catalyst to give a solid push north that will hold. Industry predictions are for oil prices to continue to rise, not lower which will lend well to greater production, transportation and storage.