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TheStreet Wire

Nordic American Tankers Stock To Go Ex-dividend Tomorrow (NAT)

By TheStreet Wire 05/15/12 - 09:56 AM EDT

Find out if (NAT) is in Cramer's Portfolio.

NEW YORK (TheStreet) -- The ex-dividend date for Nordic American Tankers (NYSE:NAT) is tomorrow, May 16, 2012. Owners of shares as of market close today will be eligible for a dividend of 30 cents per share. At a price of $13.75 as of 9:30 a.m. ET, the dividend yield is 8.7%.

The average volume for Nordic American Tankers has been 670,400 shares per day over the past 30 days. Nordic American Tankers has a market cap of $733.4 million and is part of the services sector and transportation industry. Shares are up 15.6% year to date as of the close of trading on Monday.

Nordic American Tankers Limited, an international tanker company, owns and operates double hull crude oil tankers. The company operates its vessels in the spot market. Its fleet consists of 19 double-hull Suezmax tankers, of which two are newbuildings.

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TheStreet Ratings rates Nordic American Tankers as a sell. The company's weaknesses can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity, weak operating cash flow, generally disappointing historical performance in the stock itself and feeble growth in its earnings per share. You can view the full Nordic American Tankers Ratings Report.

See our dividend calendar or top-yielding stocks list.

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