Nordic American Tankers (NAT) -4.3% premarket after cutting its quarterly dividend to $0.16 from...

|About: Nordic American Tankers Lim... (NAT)|By:, SA News Editor

Nordic American Tankers (NAT) -4.3% premarket after cutting its quarterly dividend to $0.16 from $0.30. NAT says it is is assessing fleet expansion plans including ordering of new vessels from shipyards or buying second-hand vessels at historically low prices, and the lower dividend should be seen in the context of the expansion.