20Th Suezmax News

Time Honored Nordic American Tankers Declare Dividend

Nordic American Tankers Limited (NYSE:NAT) has for the 65th time declared a dividend for its shareholders. The company announced that its Board of Directors has declared a dividend of $0.16 per common share. The record date is November 20, 2013 and the payment of dividend is expected to take place on or about December 2, 2013. In September 2011, the Company acquired its 20th Suezmax vessel, the Nordic Aurora for $24.45 million. The vessel is the sister of the Nordic Sprite, built in 1999 at Samsung Heavy Industries, Korea. NAT today has an active trading fleet of 20 vessels, all employed in the spot market. The Board has announced that it plans to grow NAT into a larger company in the tanker market business…