Nordic American Tankers Limited
NATEnergy · Oil & Gas Midstream · Stock · quarterly payer
Forward Yield
12.29%
Annual Dividend
$0.79
Payout Ratio
105%
5-Yr Growth
-10.4%
Ex-Date
Sep 10, 2026
Frequency
Quarterly
Key facts about NAT's dividend
Data as of · Source: SmarterDividends data
- As of Oct 14, 2026, Nordic American Tankers Limited (NAT) has a forward dividend yield of 12.29%, based on an annual dividend of $0.79 per share and a share price of $8.79.
- As of Oct 14, 2026, NAT's dividend safety grade from SmarterDividends is D (38 out of 100), which rates the dividend as unsafe.
- NAT last cut its regular dividend in 2024.
- NAT's most recent ex-dividend date was Sep 10, 2026, for a dividend of $0.27 per share.
- As of Oct 14, 2026, NAT pays out 105% of its trailing 12-month earnings as dividends (its payout ratio).
- NAT's dividend has shrunk at an average rate of 10.4% a year over the past five years.
- As of Oct 14, 2026, NAT's 12.29% yield is 77% above its five-year average yield of 6.94%.
- As of Oct 14, 2026, SmarterDividends' blended fair-value estimate for NAT is $7.44 per share, 15% below the $8.79 share price, so NAT screens as overvalued.
- Nordic American Tankers Limited (NAT) pays its dividend quarterly, 4 times a year.
Cite this page
SmarterDividends, "NAT Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 14, 2026, https://smarterdividends.com/stocks/NAT
Summary
As of Oct 14, 2026, Nordic American Tankers Limited (NAT) yields 12.29% ($0.79 a year per share) and has a dividend safety grade of D (38/100).
Is NAT a good dividend stock?
Higher riskNordic American Tankers Limited (NAT) pays a quarterly dividend yielding 12.29% ($0.79/yr), with 0 years of growth and a dividend-safety grade of D. Treat the dividend with caution — recent cuts, a stretched payout or a falling price raise the risk.
Advantages
- 260% total price return over 5 years
Risks
- Cut its dividend in 2024
- Elevated payout ratio (105%)
- Dividend has been shrinking, not growing
- Very high yield can signal elevated risk
- Below-average dividend safety score
Key Data
- Dividend Yield
- 12.29%
- Payout Ratio
- 105%
- Annual Dividend
- $0.79
- 5-Yr Avg Growth
- -10.4%
- Ex-Dividend Date
- Sep 10, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- -0.52
- Market Cap
- $1.9B
- P/E Ratio
- 14.9
- 5-Yr Total Return
- 260%
- 52-Week Range
- $3.10 – $8.71
- Dividend Safety
- D · 38/100
- Ever Cut?
- Yes (2024)
Frequently Asked Questions
Is NAT a good dividend stock?
Higher risk. Nordic American Tankers Limited (NAT) pays a quarterly dividend yielding 12.29% ($0.79/yr), with 0 years of growth and a dividend-safety grade of D. Treat the dividend with caution — recent cuts, a stretched payout or a falling price raise the risk.
Is NAT undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, NAT's fair value is about $7.44 versus a $8.79 share price — so it looks overvalued (-15% vs. fair value).
Is NAT's dividend safe?
NAT has a dividend-safety grade of D (38/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2024, debt and yield-versus-history.
What is NAT's fair value?
Our blended fair-value estimate for NAT is about $7.44 per share, about 15% below the current $8.79 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is NAT a buy, hold, or sell?
We don't issue formal ratings, but on the data NAT screens as "higher risk" and overvalued. Nordic American Tankers Limited (NAT) pays a quarterly dividend yielding 12.29% ($0.79/yr), with 0 years of growth and a dividend-safety grade of D. Treat the dividend with caution — recent cuts, a stretched payout or a falling price raise the risk. This is research for your own analysis, not investment advice.
Will NAT cut its dividend?
NAT earns a dividend-safety grade of D (38/100), and has cut its dividend before (last in 2024). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does NAT pay a dividend?
Yes. Nordic American Tankers Limited pays a quarterly dividend of about $0.79 per share annually, a forward yield of roughly 12.29%.
What is NAT's dividend yield?
As of Oct 14, 2026, NAT's forward dividend yield is 12.29%, based on a $0.79 annual dividend and a $8.79 share price.
What is NAT's dividend per share?
As of Oct 14, 2026, NAT pays $0.79 per share per year, distributed on a quarterly basis.
What is NAT's dividend payout ratio?
As of Oct 14, 2026, NAT's payout ratio is 105% of trailing 12-month earnings — an elevated level worth watching, as it leaves less cushion if earnings dip.
How many years has NAT grown its dividend?
NAT does not currently have a long dividend-growth streak on record.
When is the next NAT ex-dividend date?
As of Oct 14, 2026, NAT's next ex-dividend date hasn't been announced. The most recent was Sep 10, 2026, for $0.27 per share.
NAT Price — Last 12 Months
Daily close
Price Return
1 Year
+130%
3 Years
+85%
5 Years
+260%
52-Week Range
$3.10 – $8.71
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is NAT worth?
Overvaluedlow confidenceOur blended fair-value estimate for Nordic American Tankers Limited is $7.44 per share, versus a market price of $8.79. That implies 15% of downside.
Fair Value
$7.44
Current Price
$8.79
Downside
-15%
Margin of Safety
-18%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 9.1% annual free-cash-flow growth. We model 0.0% — so the price already assumes faster growth than we think is likely.
Assumptions: 9.3% discount rate (CAPM), 0.0% growth for five years fading to 2.5% over the next five, $0.59 EPS, $1.08 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
NAT Dividend Safety Score
Risky
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full NAT dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 10, 2026 | Sep 24, 2026 | $0.2700 | regular |
| Jun 10, 2026 | Jun 24, 2026 | $0.2200 | regular |
| Mar 10, 2026 | Mar 24, 2026 | $0.1700 | regular |
| Jun 12, 2025 | Jun 26, 2025 | $0.0700 | regular |
| Mar 10, 2025 | Mar 24, 2025 | $0.0600 | regular |
| Dec 17, 2024 | Jan 16, 2025 | $0.0400 | regular |
| Sep 26, 2024 | Nov 26, 2024 | $0.1200 | regular |
| Jun 28, 2024 | Jul 18, 2024 | $0.1200 | regular |
| Mar 19, 2024 | Apr 10, 2024 | $0.1200 | regular |
| Dec 19, 2023 | Jan 17, 2024 | $0.0600 | regular |
| Sep 13, 2023 | Oct 5, 2023 | $0.1300 | regular |
| Jun 14, 2023 | Jul 6, 2023 | $0.1500 | regular |
| Mar 13, 2023 | Mar 28, 2023 | $0.1500 | regular |
| Dec 5, 2022 | Dec 20, 2022 | $0.0500 | regular |
NAT Dividend News
Nordic American Tankers Raises Quarterly Dividend 22.73%
Nordic American Tankers increased its quarterly dividend to $0.27 per share, giving the shares a 14.86% forward yield at $7.21.
Nordic American Tankers Raises Quarterly Dividend
Nordic American Tankers lifted its quarterly dividend to $0.22 per share from $0.17, with the shares trading ex-dividend on June 10, 2026.
Income Calculator
At $0.79 / yr per share
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