Nordic American Tankers Raises Quarterly Dividend 22.73%

Nordic American Tankers Limited (NYSE: NAT) raised its quarterly dividend to $0.27 per share from $0.22, an increase of 22.73%. The shares traded ex-dividend on Sept. 10, 2026.

At the supplied share price of $7.21, the new rate represents an annualized dividend of $1.08 per share and a forward yield of 14.86%.

Strong tanker market supports the increase

The higher distribution follows a strong operating quarter for the energy shipping company. Nordic American said its vessels generated time-charter-equivalent revenue of $63,000 per ship per day in the second quarter, compared with $47,600 in the preceding quarter. Net income rose to $68.3 million from $46.3 million over the same sequential period. Nordic American Tankers’ second-quarter release

Management attributed the favorable environment to elevated Suezmax spot rates and said cash had accumulated to $175 million. The company reported that its fleet consisted of 17 vessels at the end of the quarter, with two additional ships on order. It also said major oil companies are its principal customers. Nordic American Tankers’ second-quarter release

NAT operates a Suezmax-focused tanker business, with most of its vessels historically employed in the spot market. That structure gives the company substantial exposure to changes in crude-tanker freight rates. Its annual filing describes dividends as a reflection of earnings after accounting for capital commitments and working-capital requirements. Nordic American Tankers 2025 Form 20-F

The company has maintained a long record of quarterly cash distributions, but that history has not produced a current annual dividend-growth streak. The supplied data show zero consecutive growth years and indicate that the dividend was previously cut in 2024.

What it means for income investors

The increase raises NAT’s prospective cash-income rate, but the 14.86% forward yield is based on the current $0.27 quarterly dividend and the supplied $7.21 share price. The yield will change with the stock price, and future payments remain subject to board approval.

NAT’s dividend safety score is 39 out of 100, carrying a D grade. Combined with the 2024 cut and the company’s exposure to volatile tanker rates, that score distinguishes the payout from a stable, multi-year dividend-growth record. NAT’s SEC filing says the timing and amount of dividends depend on earnings, financial condition, cash needs and access to financing. Nordic American Tankers 2025 Form 20-F