Today, January 17, 2024, marks an important moment for investors of Nordic American Tankers NAT. The company will distribute a dividend payout of $0.06 per share, demonstrating an annualized dividend yield of 5.61%. Remember, only shareholders prior to the ex-dividend date on December 19, 2023 are eligible for this payout.
Nordic American Tankers Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-12-19 | 4 | $0.06 | 5.61% | 2023-11-29 | 2023-12-20 | 2024-01-17 |
| 2023-09-13 | 4 | $0.13 | 12.68% | 2023-08-28 | 2023-09-14 | 2023-10-05 |
| 2023-06-14 | 4 | $0.15 | 16.22% | 2023-05-22 | 2023-06-15 | 2023-07-06 |
| 2023-03-13 | 4 | $0.15 | 15.79% | 2023-02-27 | 2023-03-14 | 2023-03-28 |
| 2022-12-05 | 4 | $0.05 | 6.25% | 2022-11-10 | 2022-12-06 | 2022-12-20 |
| 2022-09-14 | 4 | $0.03 | 4.44% | 2022-08-30 | 2022-09-15 | 2022-10-12 |
| 2022-06-13 | 4 | $0.02 | 3.48% | 2022-05-31 | 2022-06-14 | 2022-07-06 |
| 2022-03-10 | 4 | $0.01 | 2.56% | 2022-02-24 | 2022-03-11 | 2022-03-30 |
| 2021-12-06 | 4 | $0.01 | 2.09% | 2021-11-24 | 2021-12-07 | 2021-12-21 |
| 2021-09-23 | 4 | $0.01 | 1.72% | 2021-08-30 | 2021-09-24 | 2021-10-14 |
| 2021-06-03 | 4 | $0.02 | 2.24% | 2021-05-25 | 2021-06-04 | 2021-06-18 |
| 2021-03-11 | 4 | $0.02 | 2.5% | 2021-02-26 | 2021-03-12 | 2021-03-31 |
Nordic American Tankers's dividend yield falls in the middle range when compared to its industry peers, with Okeanis Eco Tankers ECO having the highest annualized dividend yield at 18.10%.
Analyzing Nordic American Tankers Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
From 2020 to 2023, the company's dividend per share showed a positive trend, increasing steadily from $0.45 in 2020 to $0.49 in 2023. This demonstrates the company's commitment to rewarding shareholders by consistently raising dividends.
YoY Earnings Growth For Nordic American Tankers
The earnings chart displays a decline in Nordic American Tankers's earnings per share, decreasing from $0.62 in 2020 to $0.56 in 2023. This downward trend in earnings raises concerns for income-seeking investors, as it suggests a potential impact on future cash dividend payouts. It is important to closely evaluate the factors contributing to this decrease to assess the company's financial health and dividend sustainability.
Recap
This article takes an in-depth look at Nordic American Tankers's recent dividend payout and its implications for shareholders. The company is currently distributing a dividend of $0.06 per share today, translating to an annualized dividend yield of 5.61%.
Nordic American Tankers's dividend yield falls in the middle range when compared to its industry peers, with Okeanis Eco Tankers having the highest annualized dividend yield at 18.10%.
The increase in dividend per share from 2020 to 2023 combined with a decrease in earnings per share for Nordic American Tankers suggests a strategic decision to prioritize shareholder returns over earnings growth.
Investors are advised to closely monitor the company's performance in the upcoming quarters to stay informed about any fluctuations in financials or dividend disbursements.
\To keep track of which companies are distributing dividends, click here to visit our Dividends Calendar.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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