Nordic American Tankers Ups Quarterly Dividend to $0.27 a Share From $0.22, Payable Sept. 24, to Holders of Record Sept. 10

Nordic American Tankers Ltd (NAT) reported strong Q2 2026 results, with a net profit of $68.3M, up from $46.3M in Q1. The company increased its dividend to $0.27 per share and reported an average daily rate of $63,000 per ship. NAT has $175M in cash and expects continued strong demand despite geopolitical uncertainty.

Nordic American Tankers (NAT) said its Q1 2026 net result was $46.3 million, beating full-year 2025, and it raised its dividend to 22 cents per share, payable June 24, 2026. About 90% of its fleet is booked in Q2 2026 at ~$68,000/day per ship (vs. ~$47,600/day in Q1). NAT also agreed to build two Suezmax tankers for delivery in 2028.

Sandisk (SNDK) announced a $14B stock buyback, adding to its $15.5B authorization, over 7% of its market cap. The move follows strong performance in 2026, driven by AI-related demand. Warren Buffett warns buybacks should only occur at prices below intrinsic value. Sandisk's stock is up 535% this year, with net income rising from -$1.6B to $11.4B. Management expects steady growth but faces uncertainty from supply increases and market cyclicality.

Broadcom (AVGO) is in talks to raise $70B-$80B in debt for AI chip financing, with Blackstone and Apollo involved. The deal supports AI companies like Anthropic and extends a June partnership. Shares rose 1% on the news. The financing structure keeps debt off Broadcom's balance sheet, but the company guarantees part of it. The deal's size and terms remain fluid, with potential execution risks.

Blue Owl Capital arranged a $2.4 billion debt deal for Iren to buy Nvidia GPUs for a Canadian data center. The financing includes $1.2 billion in loans and notes, both at 9% interest. Iren, a cloud provider and Bitcoin miner, plans $30B in 2027 capex. Its shares fell 13% to $35.40 on Friday. Blue Owl manages $319B in assets.

The U.S. Air Force awarded Boeing a $131.23 billion contract for F-15 production, modernization, and sustainment through 2037. The contract includes options for foreign military sales to several countries. Initial funding is $343,740 for fiscal 2026. Boeing will perform the work in St. Louis. The contract does not guarantee full spending and includes no immediate jet orders.