|Day Low/High||2.09 / 2.17|
|52 Wk Low/High||1.82 / 6.70|
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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