Nordic American Tankers Limited
NATEnergy · Stock · quarterly payer
Forward Yield
14.55%
Annual Dividend
$0.88
Payout Ratio
182%
5-Yr Growth
-10.4%
Ex-Date
Jun 10, 2026
Frequency
Quarterly
Summary
As of July 2026, Nordic American Tankers Limited (NAT) yields 14.55% ($0.88 per share annually), with a blended fair-value estimate of $5.24 — -13% downside, 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 14.55% ($0.88/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
- 155% total price return over 5 years
Risks
- Cut its dividend in 2024
- Elevated payout ratio (182%)
- Dividend has been shrinking, not growing
- Very high yield can signal elevated risk
- Below-average dividend safety score
Key Data
- Dividend Yield
- 14.55%
- Payout Ratio
- 182%
- Annual Dividend
- $0.88
- 5-Yr Avg Growth
- -10.4%
- Ex-Dividend Date
- Jun 10, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- -0.55
- Market Cap
- $1.3B
- P/E Ratio
- 23.3
- 5-Yr Total Return
- 155%
- 52-Week Range
- $2.67 – $6.70
- Dividend Safety
- D · 39/100
- Ever Cut?
- Yes (2024)
Frequently Asked Questions
NAT Price — Last 12 Months
Daily close
Price Return
1 Year
+95%
3 Years
+55%
5 Years
+155%
52-Week Range
$2.67 – $6.70
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 $5.24 per share, versus a market price of $6.05. That implies the stock is roughly fairly priced.
Fair Value
$5.24
Current Price
$6.05
Gap
-13%
Margin of Safety
-15%
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.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 5.4% 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, $0.88 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 $0.88 / yr per share
