Herbjorn Hansson’s Nordic American Tankers has scaled back its dividend following fleet expansion efforts.
New York-listed NAT will hand out $0.20 per share in the fourth quarter, it announced today.
This figure marks a tick down from the $0.26 per share distributed in the three months to the end of September.
NAT told investors the sum took into account future cash outlays, notably the order for three suezmax newbuildings signed in October last year.
