Nordic American Tankers' 1Q2014 Report -- Cash dividend of $0.23 declared. On April 2, 2014 NAT declared a cash dividend of $0.23 per share payable to shareholders of record as of May 15, 2014. The dividend is expected to be paid on or about May 27, 2014.
Nordic American Tanker Ltd declares 0.45 Dividend
On May 9, 2014 the board of directors at Nordic American Tanker Ltd approved a dividend of 0.45 per share. The dividend is payable on June 30, 2014 to shareholders of record on June 17, 2014.
2 dividends, one in May and then another in June? Is this a ponzischeme or something. Bermuda? doesn't that raise red flags? They've been diluting and throwing away cash from $30/share all the way to $7.
Trying to learn about the company to figure out if it's a ponzischeme or not. I'm leary about anything Bermuda. Plus, everytime I've checked on this stock over the last 5 years they seem to be diluting and handing over money. But then the stock sinks further and never recovers the dividend amount.
BTW, has anyone ever seen their ships? Just curious if they exist.