NAT - Dividend announcements

  Thursday, February 26, 2026   Dear Shareholders and Investors, Ninety day periods offer a short-term snapshot. A more meaningful analysis must contain a longer-term picture. The direction of NAT is up. A few days ago, we entered into a 1-year fixed contract with an oil major, giving us more than $50,000 per day. Highlights:            The dividend for the fourth quarter 2025 is 17 cents ($0.17) per share. This is our 114th consecutive quarterly cash dividend. The dividend is payable March 24, 2026, to shareholders on record as of March 10, 2026.   The market is very solid for our ships. Nearly two-thirds of our spot days in 1Q26 have been booked at about $55,000 per day. At this s

  Monday, December 22, 2025   Dear Shareholders and Investors, I am pleased to disclose that I, as the Founder, Chairman & CEO of NAT, today have bought 200,000 shares at $3.50 per share, bringing my total holding to 5,300,000 shares. Simultaniously, my son, Alexander Hansson, Vice-Chair of NAT has bought 200,000 shares at $3.50 per share, bringing his holding to 5,350,000 shares. Following this transaction, our family collectively owns 10,650,000 shares and has passed the 5% threshold, requiring this mandatory notification to the market. As in the past, the Hansson family is the largest private shareholder group in the company. NAT has paid dividend for 113 consequitive quarters, af

Friday, November 28, 2025   Dear Shareholders and Investors, The direction of NAT is on the upswing. Safety for crew, safety for ships and dividends remain our main priorities. The so-called grey/black fleet is invalidated, reducing the available fleet in the market place and improving the position of NAT. Our ships have not carried Russian oil for more than four years. Major oil companies are the main customers of NAT.  Ninety day periods offer a short-term snapshot of NAT. A more meaningful analysis must contain a longer-term picture.    Highlights:              The dividend for the third quarter is 13 cents ($0.13) per share. This is our 113th consecutive quarterly cash divid

  Tuesday, September 30, 2025   Dear Shareholders and Investors,   Being the Founder, Chairman & CEO, I have today bought 150,000 shares at $3.11 per share. I now own 5,100,000 shares. Following this transaction, my family owns 10,250,000 million shares and is the largest private shareholder group in the company. NAT has paid dividend for 113 consecutive quarters, after becoming stocklisted in 1995. Prospects are are good, and the path is unquestionably upwards.   For further information on Nordic American Tankers, please see www.nat.bm   For contacts, please see at the end of this communication.   Sincerely, Herbjorn HanssonFounder, Chairman & CEO Nordic American Tankers Ltd. 

  Thursday, August 28, 2025   Dear Shareholders and Investors,   Ninety day periods offer a short-term snapshot of a company. However, a meaningful analysis must contain a bigger, longer-term picture. The direction of NAT is unquestionably upwards and we create room for profitable growth. Whatever we do, the quality of our ships and dividends remain our priorities.   Highlights:              The dividend for the second quarter is 10 cents ($0.10) per share. This is our 112th consecutive quarterly cash dividend. The dividend is payable September 29, 2025, to shareholders on record as of September 12, 2025.   During the second quarter of 2025 there were several one-time effects wh

 Thursday, May 29, 2025   Dear Shareholders and Investors, Ninety day periods offer a short-term snapshot of a company. However, a meaningful analysis must contain a bigger, longer-term picture. The direction of NAT is unquestionably upwards and we create room for profitable growth. Whatever we do, dividends remain an important objective.   Highlights:              The dividend for the first quarter is 7 cents ($0.07) per share. This is our 111th consecutive quarterly cash dividend. The dividend is payable June 26, 2025, to shareholders on record as of June 12, 2025.   During the first five months of 2025 we have acquired two 2016-built vessels for a combined price of $132

Friday, May 9, 2025   Dear Shareholders and Investors, The first months of 2025 since the end of 2024 has been the most active period in Nordic American (NAT) for several years. The path forward is up. Dividend is a priority.     As per previous communication to the market, we are in the process of acquiring two or three vessels and to sell a few ships.   We have purchased two vessels, declared purchase options on two of our lease financed ships and subsequently refinanced them. As a part of our total plan, two of our early built vessels have been sold.   Below is pertinent information, reflecting the active period since the start of 2025:   January 22nd, 2025, NAT announced that it

  Friday, March 14, 2025   Dear Shareholders and Investors, As previously communicated, we recently acquired a Sungdong (South-Korea) built suezmax tanker from a first-class owner. The vessel is expected to be delivered to NAT at the end of this month (March 2025).  Sungdong was controlled by the Samsung group at the time. The vessel has been owned by the same company since it was built in 2016. We have now agreed to acquire a sister vessel, from the same owner, also built in 2016 at the same South-Korean yard. This vessel will be delivered to NAT within April this year. The price to NAT is in the mid/high USD 60s. Both vessels are fully financed and will provide additional earnings

  Friday, February 28, 2025   Dear Shareholders and Investors, Ninety day periods offer a short-term snapshot of a company, but it is more instructive to look at the bigger, longer-term picture. The direction of NAT is unquestionably upwards as we create room for profitable growth. Whatever we do, dividends remain our primary objective. As part of our plan to buy a few ships and sell a few ships, we have since the end of 2024 agreed to purchase one 2016-built suezmax tanker from a first class owner. The vessel will be delivered to NAT during the second quarter of this year. The price is in the mid/high 60's. The new unit will provide additional earnings and dividend capacity to NAT

REPEAT Wednesday, February 5, 2025   Dear Shareholders and Investors, A major project for 2025 is to renew and grow our fleet. We plan to buy two or three ships and to sell two or three.As a first step, last week we agreed to sell one of our suezmaxes, built in 2003, which will net our company USD 22.5 million and thus strengthen our balance sheet. The buyer will take over the vessel in Q1 2025.We are helped in this major project by our two longtime financing partners, Beal Bank based in Dallas, and Ocean Yield, whose parent company is based in New York.As always, our financing is driven by our main goals of prioritizing dividends and retaining a sturdy balance sheet. Since NAT became st

  Wednesday, February 5, 2025   Dear Shareholders and Investors, A major project for 2025 is to renew and grow our fleet. We plan to buy two or three ships and to sell two or three. As a first step, last week we agreed to sell one of our suezmaxes, built in 2003, which will net our company USD 22.5 million and thus strengthen our balance sheet. The buyer will take over the vessel in Q1 2025. We are helped in this major project by our two longtime financing partners, Beal Bank bases in Dallas, and Ocean Yield, whose parent company is based in New York. As always, our financing is driven by our main goals of prioritizing dividends and retaining a sturdy balance sheet. Since NAT became sto

  Wednesday, January 22, 2025   Dear Shareholders and Investors, In the recent past, NAT has carried through several transactions, reflecting a very active period. NAT has declared the purchase option for a 2018-built Suezmax tanker on favorable terms from a close financing partner.  Furthermore, we have also sold a 2003-built vessel to a UK based owner. This sale which is expected to close in the second half of February, will produce a cash injection of USD 22.5 million. NAT is in a very solid position and the transactions above reflect our financial flexibility. Going forward, we see expansion on the horizon. We wish to assure shareholders that dividend always will be a priority.

  Friday, November 29, 2024   Dear Shareholders and Investors,   Highlights:    The international profile of NAT is reflected in the fact that during the last five years our ships have loaded & discharged in 68 countries. Ninety day periods offer a short-term snapshot of a company. However, it is more constructive to view the longer-term picture. The direction of NAT is unquestionably upwards, and there is room for profitable growth.   1. During the third quarter 2024, we concluded time-charter (T/C) contracts with international and national oil companies. These contracts represent an aggregate net revenue of about $125 million. Our customers see that there is a scarcity of suezmax

  Thursday, August 29, 2024   Dear Shareholders and Investors, Highlights:    Ninety day periods offer a short-term snapshot of a company. However, it is more important to view the long-term picture. The direction of NAT is unquestionably upward, with further room to grow.   For the second quarter of 2024, NAT produced a net profit of $21.6 million, which is a substantial improvement compared with the previous quarter (1Q24) with a net Profit of $15.1 million. The dividend for the se

  Wednesday, May 29, 2024   Dear Shareholders and Investors,   Highlights:    Ninety day periods offer a short-term snapshot of a company, but it is also important to view the long-term picture. The values of our assets have seen a significant increase over the past years. The direction of NAT is unquestionably upward, with further room to grow.   The first quarter of 2024 continued at a strong pace with healthy earnings. The Net Profit for the first quarter of 2024 came in at $15.1 million which is similar to the previous quarter (4Q23) with a Net Profit of $17.5 million.For the first quarter of 2024 the dividend is 12 cents ($0.12) per share. This is our 107th consecutiv

  Thursday, March 7, 2024   Dear Shareholders and Investors,   We have recently concluded the following fixtures: Nordic Castor (2004) was fixed to a Far Eastern Major for a voyage from Arabian Gulf to Singapore. The TCE is USD 34,000 over 30 days.Nordic Space (2017) was fixed to a Major for a voyage from Europe to Singapore (routed via South Africa). The TCE is USD 70,000 over 51 days.Nordic Star (2016) was fixed to a Major for a voyage from South America to Europe. The TCE is USD 30,000 over 43 days.Nordic Luna (2004) was fixed to a Far E

  Thursday, February 29, 2024   Dear Shareholders and Investors,   Highlights:           In 2023, the Net Voyage Revenue for Nordic American Tankers Ltd (NAT) totaled $262.2 million. This is a remarkable improvement from 2022, when Net Voyage Revenue was $168.8 million. Our performance produced a net profit of $98.7 million for 2023, more than six times the $15.1 million result for 2022. Maximizing dividends is a key goal and higher earnings result in higher dividends. The dividend for the fourth quarter of 2023 will be 12 cents ($0.12) per share, up from 6 cents in the

  Wednesday, November 29, 2023   Dear Shareholders and Investors,   Highlights:              For decades, the experience is that uncertain times create demand for our ships. We see that there is a scarcity of tankers. The NAT fleet is busy supplying energy to many parts of the world. NAT has not loaded Russian oil for several years. Our main customers, the major oil companies know that our ships are first class and they know they can always rely on Nordic American.Inflation in the US came in at 3.2% in October, down from 9.1% a little more

  Wednesday, October 25, 2023   Dear Shareholders and Investors,   NAT is in an excellent position. Our most recent fixtures, all to major oil companies, are in the range of $40,000 to $70,000 per day. The NAT operating costs are about $9,000 per day per ship. We call ourselves a "Dividend Company". All our actions have a main goal: To maximize dividend.   Sincerely, Herbjorn HanssonFounder, Chairman & CEO Nordic American Tankers Ltd.                                                           www.nat.bm        CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS Matte

Thursday October 19, 2023   Dear Shareholders and investors,   NAT is pleased to announce that today we entered into a purchase agreement for a suezmax tanker. The vessel was built by a yard in South Korea and has been operated and well maintained by a top shipowner the last 6 to 7 years. The vessel is purchased on a charter free basis and we intend to finance the purchase with a sale leaseback financing – an arrangement that has worked very well for us in the past. This purchase will increase our fleet to 20 suezmaxes. The vessel will be included in our fleet within this quarter, entering a strong market

  Monday, August 28, 2023   Dear Shareholders and Investors, Please see HIGHLIGHTS and the enclosed report for first half of 2023. Highlights:              The net income for the first half of 2023 is in excess of $100 million higher than for the same period last year. The net income for the first six months of 2023 totaled $73.7 million compared to the net loss of -$30.9 million during the first six months of 2022. The directi

 Monday, May 22, 2023   Dear Shareholders and Investors,   Highlights:              The average Time Charter Equivalent (TCE) for our spot vessels (15) during the first quarter of 2023 came in at $60,005 per day per ship. Including vessels on term contracts (4), the total average NAT TCE was $51,902 per day per ship. This is the second strongest first quarter TCE ever achieved in NAT's 28 year history. Our operating costs are about $8,000 per day per vessel.The net profit for 1Q 2023 landed at $46.9 million or

  Tuesday, March 28, 2023 Please find enclosed a table illustrating the dividend declared over 102 consecutive quarters.  The dividend policy is a priority for NAT and will remain so.  www.nat.bm      CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS Matters discussed in this press release may constitute forward-looking statements. The Private Securities Litigation Reform Act of 1995 provides safe harbor protections for forward-looking statement

  Monday, February 27, 2023    Dear Shareholders and Investors,   The 4Q 2022 Net result is more than $50 million better than the same quarter 2021. The direction of NAT is unquestionably upwards.   Highlights:  1) The average Time Charter Equivalent (TCE) for our spot vessels (15) during the fourth quarter of 2022 came in at $57,340 per day per ship. Including vessels on term contracts (4), the total average NAT TCE was $49,035 per day per ship. This was 76% up from the third quarter of 2022. Our operating costs are about $8,000 per day per vessel. 2) The net profit for 4Q 2022 more than tripled from 3Q 2022 and landed at $36 million or

Wednesday, November 30, 2022   Dear Shareholders and Investors,   Please see HIGHLIGHTS and the enclosed 3Q 2022 report below.  Highlights:  1) The average Time Charter Equivalent (TCE) for our fleet during the third quarter of 2022 came in at $27,850 per day per ship, up from the second quarter of $20,080 per day per vessel. Rates have risen dramatically during the fourth quarter and so far, 74% of our spot voyage days have been booked at an average TCE of $54,100 per day per ship. Our operating costs are $8,000 per day per ship. 2) The net profit for 3Q 2022 was $10.0 million or an Earnings per

Thursday, November 10, 2022   Dear Shareholders and Investors,   Our 3Q 2022 earnings will be released November 30, 2022 before NYSE opening. A guidance for the NAT performance for 4Q 2022 will also be provided in the release. For 3Q 2022 the Board of NAT is declaring a 5 cent dividend ($0.05) per share. This reflects both favorable markets for our ships and the company's bedrock belief in dividends. This dividend marks our 101st consecutive quarterly dividend. It will be paid Tuesday, December 20, 2022, to shareholders on record Tuesday, December 6, 2022. As previously announced, the NAT Annual General Meeting is being held November 17, 2022 and will fol

  Thursday, September 29, 2022   Dear Shareholders and Investors, Today we have entered into a sales agreement for a 2003-built suezmax tanker. The price is $21 million net to NAT. The vessel will be delivered to its new owner in 4Q 2022. The cash proceeds will be used to reduce our debt. A NAT objective is to become debt free as was the case earlier. The buyer is a major international energy company. As advised the investor market earlier this week, I purchased shares in NAT, and my son, Alexander Hansson, NAT Board Member, has also lately continued to accumulate shares. As in the past, the Hanss

Tuesday, September 6, 2022   Dear Shareholders and Investors, The situation associated with the war between Russia and Ukraine is difficult to assess in detail. However, it is a general experience that uncertain times are good for Nordic American Tankers. Our suezmaxes are well placed to benefit from the situation. We have reduced our fleet to about 20 vessels. We are now in an upward trend and over the next year, two or three, we expect to increase our fleet. Our strong links with the Far East are continuing. This above all relate to Japan, China, Korea and India. Over the years we have long experience from these areas. The main advantage for No

Tuesday, May 31, 2022 Dear Shareholders and Investors, Please see HIGHLIGHTS and enclosed 1Q 2022 report below. HIGHLIGHTS:  The future of our business is sound   The uncertainty created by the Russia/Ukraine conflict is reshaping the energy map of the world long term. Oil will have to be sourced from a myriad of places, often involving longer (ton-mile) and thus more lucrative voyages. The NAT fleet of versatile suezmax tankers is ideally situated to take advantage of these changing circumstances. We have not carried Russian oil during the last year.New oil tankers joining the global fleet are in short supply going forward. Major shipyards are reporting they have lit

  Monday, May 23, 2022   Message to the market: This is to advise you that the results for the first quarter of 2022 will be published before NYSE opening May 31, 2022. The market for our ships is dominated by implications caused by the Russian/Ukrainian conflict. Political events are well known to our business. For the second quarter our TCE is about USD 20,000 per day. We have booked about 70% of the quarter. We will always prioritize dividend.   For contacts, please see at the end of this communication.                                              www.nat.bm              

Friday, April 29, 2022 Dear Shareholders and Investors, We are pleased to inform that we will have an addition to our fleet delivered to us from Samsung Heavy Industries in South Korea. The new Suezmax will delivered May 13, 2022 and it will commence on a time charter contract for six years to a first class company in the Sultanate of Oman in the Middle East. The contract will secure stable cash flow and provide return on capital. It is always an objective for NAT to prioritize dividend payments. The vessel is 157,000 deadweight tons and has a carrying capacity of about one million barrels of cargo. For contacts, please see at the end of this communicat

Tuesday, April 26, 2022 Dear Shareholders and Investors, No tanker company on Wall Street has the strategy of NAT. NAT does not buy and sell Suezmaxes as a business proposition – the policy is based on the premise to keep the vessels to the end of their lives. Recently prices are up and we have sold a few vessels. In July 2021 we announced a plan to sell ships in combination with buying ships. We have sold four Suezmaxes now, generating a cash injection of about USD 60 million to NAT. Vessel number four was delivered to the new owners on April 12, 2022. We expect that our fleet will grow with the objective of having about 30 Suezmax vessels the next few year

Wednesday, April 13, 2022 Dear Shareholders and Investors, We see a clear upswing in the market now. We have recently fixed three ships at rates ranging from USD 40,000 to USD 55,000 per day with a duration from 30 up to 70 days. A large part of our fleet is operating in the sort term spot market.  Based on current rates, NAT would generate more than USD 200 million on an annualized basis above and beyond the daily operating costs of USD 8,000 per ship. In this scenario, NAT can become debt free in a year or two, just as it has been in the past. Dividends have been paid for 97 consecutive quarte

Friday, February 25, 2022   Highlights:  As regards the recent political events in Russia and Ukraine, we shall comment later when matters are more clear. 1. On a Time Charter Equivalent (TCE) basis, fourth quarter 2021 was the best quarter of the last five quarters. We take comfort from an improving trend in both top- and bottom-line results.    2. The average TCE for our active fleet during the fourth quarter 2021 came in at $10,100 per day per ship. This was up 74% from the previous quarter of $5,800 per day.  3. We recorded a net loss of -$21.0 million or an EPS of -$0.12 for the fourth quarter 2021. Th

December 20, 2021 Dear Shareholders, As we are approaching the end of the year, we would like to extend our best wishes to all our shareholders and their families. Several fundamentals are now pointing in the right direction. Oil demand is increasing, confirmed by the low oil inventories globally and orders for new tankers at the shipyards are at a low. NAT has one of the lowest debt levels among publicly listed tanker companies on Wall Street. This low debt gives us room and flexibility to maneuver. Over years, it is our experience that it is darkest just before dawn. NAT is well positioned when the sun shines on our fleet again. NAT will always work for the highest possib

  December 20, 2021 Dear Shareholders, As we are approaching the end of the year, we would like to extend our best wishes to all our shareholders and their families. Several fundamentals are now pointing in the right direction. Oil demand is increasing, confirmed by the low oil inventories globally and orders for new tankers at the shipyards are at a low. NAT has one of the lowest debt levels among publicly listed tanker companies on Wall Street. This low debt gives us room and flexibility to maneuver. Over years, it is our experience that it is darkest just before dawn. NAT is well positioned when the sun shi

Wednesday, November 24, 2021  Dear Shareholders and Investors,    Please see HIGHLIGHTS and enclosed 3Q 2021 report below.   HIGHLIGHTS:    There is so much confusing day-to-day noise in the markets about oil and gas prices that we think many investors have decided to steer clear of the tanker sector entirely. All markets are volatile, and as history has shown volatility can be our friend when rates rise suddenly and the company's stock price benefits. We firmly believe that successful investors buy quality companies and profit handsomely when the ti

Monday, August 30, 2021 Dear Shareholders and Investors and other contacts,  Please see below HIGHLIGHTS and enclosed report. HIGHLIGHTS:  These are challenging times for any business. The actions we take today will position NAT for rapid growth once life settles down again. A good sailor always keeps his eye on the horizon as well as on his boat, and we are looking at that horizon and preparing ourselves for what the market will be like in the coming year or two.Demand for oil is going up. OPEC is raising its output. Current high oil, gas and electricity prices are a sign of an energy market in need for more. With ample spare capacity of oil, it is only a matter of time

February 26, 2021 Dear Shareholders and Investors,  Highlights:  The following main elements in our business stand out at this time: During 2020 we distributed $67.2 million in cash dividends and repaid our existing loans with a gross amount of $75.5 million.The first half of 2020 was a strong period for NATThe third quarter of 2020 came out positively with a timecharter equivalent of about $25,000 per day per ship The fourth quarter of 2020 was weakWe undertook planned technical maintenance of our ships during softer market periods of 2020 At the time of this report the market has improved and we believe that we are close to a si

December 1, 2020   Dear Shareholders and Investors,  The question of Covid-19 is often in focus. We addressed this in the first quarter of 2020, informing you that we did not see important implications for NAT from the Covid virus. We noted in our messages to you that the future of the tanker market to a large extent is dependent upon the Far East, where economic growth is sound. We are upholding this view. For us it is a question of transportation distance (ton miles), not necessarily the volume of oil itself. We see every day the strong push we have from the Far East. This is encouraging. Secondly, we assure you that NAT will continue to be a divid