Nordic American Offshore (NAO) has racked up a bigger loss in the fourth quarter but has stuck to its dividend payment policy.
The New York-listed offshore vessel owner saw its net deficit for the period run to $4.4m against $1.7m a year ago.
Its full year loss stood at $10.8m, compared to a profit of $6.9m in 2014.
The company has declared a dividend of $0.12
