Nordic American Tankers Dividends and Buybacks
Dividend criteria checks 2/6
Nordic American Tankers is a dividend paying company with a current yield of 15.49%. Next payment date is on 26th November, 2024 with an ex-dividend date of 26th September, 2024.
Key information
15.5%
Dividend yield
0%
Buyback Yield
| Total Shareholder Yield | 15.5% |
| Future Dividend Yield | 17.8% |
| Dividend Growth | 6.2% |
| Next dividend pay date | 26 Nov 24 |
| Ex dividend date | 26 Sep 24 |
| Dividend per share | US$0.460 |
| Payout ratio | 142% |
Recent dividend and buyback updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: 0UC0's dividend payments have been volatile in the past 10 years.
Growing Dividend: 0UC0's dividend payments have fallen over the past 10 years.
Dividend Yield vs Market
| Nordic American Tankers Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (0UC0) | 15.5% |
| Market Bottom 25% (GB) | 2.1% |
| Market Top 25% (GB) | 5.9% |
| Industry Average (Oil and Gas) | 5.2% |
| Analyst forecast (0UC0) (up to 3 years) | 17.8% |
Notable Dividend: 0UC0's dividend (15.49%) is higher than the bottom 25% of dividend payers in the UK market (2.11%).
High Dividend: 0UC0's dividend (15.49%) is in the top 25% of dividend payers in the UK market (5.87%)
Earnings Payout to Shareholders
Earnings Coverage: With its high payout ratio (142.2%), 0UC0's dividend payments are not well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (272.2%), 0UC0's dividend payments are not well covered by cash flows.