Shareholders in the Nordic American Tankers spin-off will collect $0.45 per share for the three months to the end of September.

NAO has already paid out $0.90 per share in dividends over the first two quarters this year.

Leon Cooperman, NAO’s largest shareholder with a 21.8% stake, will collect around $1.8m from the payout.

NAT, the suezmax tanker specialist, holds 17% of the platform supply vessel owner.