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Stock Market & Financial Investment News

News Breaks
June 5, 2014
05:26 EDTNATNordic American Tanker announces acquisition of two Suezmax tankers
Nordic American Tankers announced that the company has agreed to acquire two Suezmax vessels, delivered from a top shipyard in 2005. The agreed purchase price is $36.5M each. The vessels are expected to be delivered to us no later than August. The acquisitions will be financed from the financial resources of the company. Including the delivery of the current acquisitions, NAT will have a fleet of 22 Suezmax vessels - enhancing our dividend and earnings capacity. The acquisition represents a natural step in the further development of NAT. The company will seek to increase its dividend and earnings capacity through further expansion, when the time is right.
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July 16, 2014
06:01 EDTNATNordic American Tankers seeks to increase dividend
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