|Day Low/High||2.26 / 2.37|
|52 Wk Low/High||1.82 / 5.67|
In recent trading, shares of Nordic American Tankers Ltd have crossed above the average analyst 12-month target price of $2.50, changing hands for $2.53/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level.
Looking at the universe of stocks we cover at Dividend Channel, on 5/23/18, Nordic American Tankers Ltd will trade ex-dividend, for its quarterly dividend of $0.01, payable on 6/12/18. As a percentage of NAT's recent stock price of $2.17, this dividend works out to approximately 0.46%.
Investors considering a purchase of Nordic American Tankers Ltd shares, but cautious about paying the going market price of $2.19/share, might benefit from considering selling puts among the alternative strategies at their disposal. One interesting put contract in particular, is the July put at the $2 strike, which has a bid at the time of this writing of 20 cents.
To buy on days like this, you must be convinced the market is offering an opportunity to buy assets at below fair value.
Looking at the universe of stocks we cover at Dividend Channel, on 11/10/17, Nordic American Tankers Ltd will trade ex-dividend, for its quarterly dividend of $0.03, payable on 12/5/17. As a percentage of NAT's recent stock price of $4.19, this dividend works out to approximately 0.72%, so look for shares of Nordic American Tankers Ltd to trade 0.72% lower — all else being equal — when NAT shares open for trading on 11/10/17.
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