Nordic American Tankers Limited (NYSE:NAT) - Declaration of dividend for the 79th consecutive quarter since the autumn of 199...
April 19 2017 - 6:29AM
Hamilton, Bermuda, April 19, 2017
The Board of Nordic American Tankers Limited has declared a
cash dividend of $0.20 per share for the first quarter of 2017, to
shareholders of record May 22, 2017. The dividend is expected to be
paid on or about June 8, 2017. The 2017 suezmax tanker market
has started out well.
The 1Q2017 earnings report is expected to be released Monday May
8, 2017 before NYSE opening.
CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING
STATEMENTS
Matters discussed in this press release may constitute
forward-looking statements. The Private Securities Litigation
Reform Act of 1995 provides safe harbor protections for
forward-looking statements in order to encourage companies to
provide prospective information about their business.
Forward-looking statements include statements concerning plans,
objectives, goals, strategies, future events or performance, and
underlying assumptions and other statements, which are other than
statements of historical facts.
The Company desires to take advantage of the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995
and is including this cautionary statement in connection with this
safe harbor legislation. The words "believe," "anticipate,"
"intend," "estimate," "forecast," "project," "plan," "potential,"
"will," "may," "should," "expect," "pending" and similar
expressions identify forward-looking statements.
The forward-looking statements in this press release are based
upon various assumptions, many of which are based, in turn, upon
further assumptions, including without limitation, our management's
examination of historical operating trends, data contained in our
records and other data available from third parties. Although
we believe that these assumptions were reasonable when made,
because these assumptions are inherently subject to significant
uncertainties and contingencies which are difficult or impossible
to predict and are beyond our control, we cannot assure you that we
will achieve or accomplish these expectations, beliefs or
projections. We undertake no obligation to update any
forward-looking statement, whether as a result of new information,
future events or otherwise.
Important factors that, in our view, could cause actual results
to differ materially from those discussed in the forward-looking
statements include the strength of world economies and currencies,
general market conditions, including fluctuations in charter rates
and vessel values, changes in demand in the tanker market, as a
result of changes in OPEC's petroleum production levels and world
wide oil consumption and storage, changes in our operating
expenses, including bunker prices, drydocking and insurance costs,
the market for our vessels, availability of financing and
refinancing, changes in governmental rules and regulations or
actions taken by regulatory authorities, potential liability from
pending or future litigation, general domestic and international
political conditions, potential disruption of shipping routes due
to accidents or political events, vessels breakdowns and instances
of off-hires and other important factors described from time to
time in the reports filed by the Company with the Securities and
Exchange Commission, including the prospectus and related
prospectus supplement, our Annual Report on Form 20-F, and our
reports on Form 6-K.
Contacts: |
|
Herbjørn Hansson, Chairman
& CEONordic American Tankers LimitedTel: +1 866 805
9504 or +47 90 14 62 91 |
Gary J. WolfeSeward &
Kissel LLPNew York, USATel: +1 212 574 1223 |
Turid M. Sørensen, CFO
& EVPNordic American Tankers LimitedTel: +47 33 42 73 00 or +47
90 57 29 27 |
|
Rolf Amundsen,
AdvisorNordic American Tankers LimitedTel: +1 800 601 9079 or + 47
90 82 69 06 |
Web-site:
www.nat.bm |
Attachments:
http://www.globenewswire.com/NewsRoom/AttachmentNg/7f9a450b-e534-42f4-b701-6dd0ee34a08f
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