Nordic American Tankers Limited
NATEnergy · Stock · quarterly payer
Forward Yield
15.28%
Annual Dividend
$1.08
Payout Ratio
107%
5-Yr Growth
-10.4%
Ex-Date
Sep 10, 2026
Frequency
Quarterly
Summary
As of September 2026, Nordic American Tankers Limited (NAT) yields 15.28% ($1.08 per share annually), with a blended fair-value estimate of $7.48 — +10% upside, so it screens as fairly valued. Dividend safety grade: D (39/100).
Is NAT a good dividend stock?
Higher riskNordic American Tankers Limited (NAT) pays a quarterly dividend yielding 15.28% ($1.08/yr), with 0 years of growth and a dividend-safety grade of D. Treat the dividend with caution — recent cuts, a stretched payout or a falling price raise the risk.
Advantages
- 164% total price return over 5 years
Risks
- Cut its dividend in 2024
- Elevated payout ratio (107%)
- Dividend has been shrinking, not growing
- Very high yield can signal elevated risk
- Below-average dividend safety score
Key Data
- Dividend Yield
- 15.28%
- Payout Ratio
- 107%
- Annual Dividend
- $1.08
- 5-Yr Avg Growth
- -10.4%
- Ex-Dividend Date
- Sep 10, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- -0.52
- Market Cap
- $1.5B
- P/E Ratio
- 12.2
- 5-Yr Total Return
- 164%
- 52-Week Range
- $3.04 – $7.20
- Dividend Safety
- D · 39/100
- Ever Cut?
- Yes (2024)
Frequently Asked Questions
NAT Price — Last 12 Months
Daily close
Price Return
1 Year
+116%
3 Years
+64%
5 Years
+164%
52-Week Range
$3.04 – $7.20
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is NAT worth?
Fairly valuedlow confidenceOur blended fair-value estimate for Nordic American Tankers Limited is $7.48 per share, versus a market price of $6.77. That implies the stock is roughly fairly priced.
Fair Value
$7.48
Current Price
$6.77
Gap
+10%
Margin of Safety
9%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
At today's price, the market is pricing in about 6.7% annual free-cash-flow growth. We model -5.0% — so the price already assumes faster growth than we think is likely.
Assumptions: 9.3% discount rate (CAPM), -5.0% stage-1 growth, 2.5% terminal growth, $0.26 EPS, $1.08 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
NAT Dividend Safety Score
Risky
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 10, 2026 | — | $0.2200 | regular |
| Mar 10, 2026 | — | $0.1700 | regular |
| Jun 12, 2025 | — | $0.0700 | regular |
| Mar 10, 2025 | — | $0.0600 | regular |
| Dec 17, 2024 | — | $0.0400 | regular |
| Sep 26, 2024 | — | $0.1200 | regular |
| Jun 28, 2024 | — | $0.1200 | regular |
| Mar 19, 2024 | — | $0.1200 | regular |
| Dec 19, 2023 | — | $0.0600 | regular |
| Sep 13, 2023 | — | $0.1300 | regular |
| Jun 14, 2023 | — | $0.1500 | regular |
| Mar 13, 2023 | — | $0.1500 | regular |
| Dec 5, 2022 | — | $0.0500 | regular |
| Sep 14, 2022 | — | $0.0300 | regular |
Income Calculator
At $1.08 / yr per share
