Seeking Alpha

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

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.
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