NAT Ex-Dividend Reminder - 5/13/14

Looking at the universe of stocks we cover at Dividend Channel, on 5/13/14, Nordic American Tankers Ltd ( NAT) will trade ex-dividend, for its quarterly dividend of $0.23, payable on 5/27/14. As a percentage of NAT's recent stock price of $8.12, this dividend works out to approximately 2.83%, so look for shares of Nordic American Tankers Ltd to trade 2.83% lower — all else being equal — when NAT shares open for trading on 5/13/14.

START SLIDESHOW:
Click here to learn which 25 S.A.F.E. dividend stocks should be on your radar screen »

Below is a dividend history chart for NAT, showing historical dividends prior to the most recent $0.23 declared by Nordic American Tankers Ltd:

NAT+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from NAT is likely to continue, and whether the current estimated yield of 11.33% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of NAT shares, versus its 200 day moving average:

Nordic American Tankers Ltd 200 Day Moving Average Chart

Looking at the chart above, NAT's low point in its 52 week range is $7.00 per share, with $12.61 as the 52 week high point — that compares with a last trade of $8.12.

According to the ETF Finder at ETF Channel, NAT makes up 2.59% of the Guggenheim Shipping ETF ( SEA) which is trading up by about 0.3% on the day Friday.

In Friday trading, Nordic American Tankers Ltd shares are currently up about 1% on the day.

If you liked this article you might like

Snap-On, Teekay Shipping, FLIR Systems, GW Pharmaceuticals: 'Mad Money' Lightning Round

Time to Raise Some Cash: Cramer's 'Mad Money' Recap (Tuesday 8/1/17)

10 Sectors That Will Profit Big-Time From Oil's Crash

AbbVie, Broadcom, Enbridge Energy Partners, Commercial Vehicle Group: 'Mad Money' Lightning Round

Industrials Are Stalling, Techs Are Roaring: Cramer's 'Mad Money' Recap (Monday 5/15/17)