Nordic American Tankers Limited
NATEnergy · Stock · quarterly payer
Forward Yield
14.86%
Annual Dividend
$1.08
Payout Ratio
107%
5-Yr Growth
-10.4%
Ex-Date
Sep 10, 2026
Frequency
Quarterly
Summary
As of September 2026, Nordic American Tankers Limited (NAT) yields 14.86% ($1.08 per share annually), with a blended fair-value estimate of $6.74 — -7% downside, so it screens as fairly valued. Dividend safety grade: D (39/100).
Is NAT a good dividend stock?
Higher riskNordic American Tankers Limited (NAT) pays a quarterly dividend yielding 14.86% ($1.08/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
- 183% total price return over 5 years
Risks
- Cut its dividend in 2024
- Elevated payout ratio (107%)
- Dividend has been shrinking, not growing
- Very high yield can signal elevated risk
- Below-average dividend safety score
Key Data
- Dividend Yield
- 14.86%
- Payout Ratio
- 107%
- Annual Dividend
- $1.08
- 5-Yr Avg Growth
- -10.4%
- Ex-Dividend Date
- Sep 10, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- -0.52
- Market Cap
- $1.5B
- P/E Ratio
- 12.4
- 5-Yr Total Return
- 183%
- 52-Week Range
- $3.06 – $7.35
- Dividend Safety
- D · 39/100
- Ever Cut?
- Yes (2024)
Frequently Asked Questions
NAT Price — Last 12 Months
Daily close
Price Return
1 Year
+131%
3 Years
+76%
5 Years
+183%
52-Week Range
$3.06 – $7.35
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is NAT worth?
Fairly valuedlow confidenceOur blended fair-value estimate for Nordic American Tankers Limited is $6.74 per share, versus a market price of $7.25. That implies the stock is roughly fairly priced.
Fair Value
$6.74
Current Price
$7.25
Gap
-7%
Margin of Safety
-8%
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 8.1% annual free-cash-flow growth. We model -5.0% — so the price already assumes faster growth than we think is likely.
Assumptions: 9.3% discount rate (CAPM), -5.0% stage-1 growth, 2.5% terminal growth, $0.58 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
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 10, 2026 | — | $0.2700 | regular |
| Jun 10, 2026 | — | $0.2200 | regular |
| Mar 10, 2026 | — | $0.1700 | regular |
| Jun 12, 2025 | — | $0.0700 | regular |
| Mar 10, 2025 | — | $0.0600 | regular |
| Dec 17, 2024 | — | $0.0400 | regular |
| Sep 26, 2024 | — | $0.1200 | regular |
| Jun 28, 2024 | — | $0.1200 | regular |
| Mar 19, 2024 | — | $0.1200 | regular |
| Dec 19, 2023 | — | $0.0600 | regular |
| Sep 13, 2023 | — | $0.1300 | regular |
| Jun 14, 2023 | — | $0.1500 | regular |
| Mar 13, 2023 | — | $0.1500 | regular |
| Dec 5, 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 $1.08 / yr per share
