Nordic American Tanker Shipping Ltd. ("NAT" or "the Company") today announced its results for the 4th quarter of 2008. Based on its results for the quarter, the Company will pay a dividend of $0.87 per share on or about March 9, 2009 to shareholders of record as of February 25, 2009.  Following this dividend payment, the Company will have paid a dividend for 46 consecutive quarters since the autumn of 1997 when the first three vessels in the Company's fleet were delivered and commenced operations.