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Nordic American Tankers Limited Message Board

  • fonzischeme333 fonzischeme333 May 30, 2014 10:50 AM Flag

    Tanker or Tankers? What the F---?

    Are there two different companies?

    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.

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