Nordic American Tankers (NAT) is still handing out dividends to investors despite its nine-month losses mounting.
The US-listed company said the net deficit to 30 September was $38.69m, against a profit of $12.03m in the same period of 2010.
Revenue slumped to $60.61m from $105.95m as rates dragged along the bottom, but operating expenses climbed to $97.66m, compared to $92.72m the year before.
NAT
