NAT - Nordic America Tanker Lowers Dividends to .10 But Forecast Positive Outlook
November 9, 2009 Hamilton Bermuda. Nordic American Tanker releases it's Dividend announcement and has cut Dividends per share to .10 US cents per share. This is the second time NAT has lowered it's Dividend. The company releases the following statements:
* The 3rd quarter was down with a corresponding low dividend of
$0.10 per share because of a low freight market.
* There are signs of a positive development in the world economy
and the freight market for the 4th quarter has started on a
positive note compared with 3rd quarter.
* We announced yesterday our agreement to acquire vessel no. 18 -
which will increase the dividend capacity of the Company.
In response to this, Maharlika Funds, The Flagship portfolio of iMOBHQ.COM places the company in the watch list. This means that it is looking for signs of a turn around for the Oil Tanker Industry. And is now evaluating it's positions holding for the company. This evaluation process is a routine process for Maharlika Funds. Nordic American Tanker remains as one of the companies in the Maharlika Funds Acquisition Target Lists.
* The 3rd quarter was down with a corresponding low dividend of
$0.10 per share because of a low freight market.
* There are signs of a positive development in the world economy
and the freight market for the 4th quarter has started on a
positive note compared with 3rd quarter.
* We announced yesterday our agreement to acquire vessel no. 18 -
which will increase the dividend capacity of the Company.
In response to this, Maharlika Funds, The Flagship portfolio of iMOBHQ.COM places the company in the watch list. This means that it is looking for signs of a turn around for the Oil Tanker Industry. And is now evaluating it's positions holding for the company. This evaluation process is a routine process for Maharlika Funds. Nordic American Tanker remains as one of the companies in the Maharlika Funds Acquisition Target Lists.
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