Nordic American Tankers Ltd (NYSE: NAT) - Report as per March 31, 2026 - NAT continues to prosper and raises its dividend. Market conditions for NAT are now the best for several decades.
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.