Reminder - Nordic American Offshore (NAO) Goes Ex-Dividend Soon

Looking at the universe of stocks we cover at Dividend Channel, on 5/12/15, Nordic American Offshore Ltd ( NAO) will trade ex-dividend, for its quarterly dividend of $0.17, payable on 5/28/15. As a percentage of NAO's recent stock price of $9.31, this dividend works out to approximately 1.83%, so look for shares of Nordic American Offshore Ltd to trade 1.83% lower — all else being equal — when NAO shares open for trading on 5/12/15.

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Below is a dividend history chart for NAO, showing historical dividends prior to the most recent $0.17 declared by Nordic American Offshore Ltd:

NAO+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 NAO is likely to continue, and whether the current estimated yield of 7.31% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of NAO shares, versus its 200 day moving average:

Nordic American Offshore Ltd 200 Day Moving Average Chart

Looking at the chart above, NAO's low point in its 52 week range is $7.60 per share, with $20.80 as the 52 week high point — that compares with a last trade of $9.31.

In Friday trading, Nordic American Offshore Ltd shares are currently down about 0.5% on the day.

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