Nordic American Tankers Ltd (NAT)

[Eurotradr]

Nordic American Tankers Ltd. (NYSE: NAT) – Dividend declaration for the second quarter of 2020

May 20, 2020

Dear Shareholders and Investors,

Dividend is a priority for NAT. On March 24, 2020, we declared the dividend for the first quarter of 2020 to 14 cents ($0.14) per share, with record date Monday May 26, 2020 and payment date June 5, 2020.

In view of the solid position of the company and the prospects as explained in our first quarter report of 2020 two days ago (May 18), the Board has today decided to declare the dividend for the second quarter of 2020 to 20 cents ($0.20) to be paid on Friday September 4th 2020 to shareholders on record Friday August 28th. This is a 42% increase from the dividend that was declared for the first quarter of 2020.

With this quarterly dividend of 20 cents for the second quarter of 2020, the accumulated declared cash dividend for the first two quarters of 2020 is 34 cents ($0.34) per share. This amount of 34 cents is paid to shareholders over a period of less than 4 months. Our earnings report for the second quarter of 2020 will be published Monday August 17, 2020 before NYSE opening.