With tanker stocks heading into what appears to be a period of relative weakness from the strong returns of the past few years, it is only logical to wonder what becomes of the high-payout dividends some initiated in better times.
This is especially so when one considers that the dividends generally have not done what management teams expected them to — that is, lift stocks well above their net asset values (NAVs) in the fashion that Herbjorn Hansson’s Nordic American Tankers (NAT) has enjoyed for years.
But
