North American Tanker Reports Q2 Guidance, Expect Higher Dividend - Tim Plaehn

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North American Tanker Reports Q2 Guidance, Expect Higher Dividend
Jul 07, 2008 02:38 PM UTC

Tim Plaehn

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Symbol	Sentiment	Start	Return	Closed
NAT		07/07/08	-20.23%	--

Via Long Investment Ideas from Seeking Alpha:

Nordic American Tanker (NAT: 36.9399 +1.3799 +3.88%) issued a press release Monday concerning their results for the 2nd quarter of 2008. Here are a couple of the high points:

The Imarex Tanker Index for the 2nd quarter was $70,625 vs. $43,635 for Q1.
NAT’s results may differ from the Imarex index.
The second quarter dividend to be paid in September is expected to be above $1.50 compared to the dividend of $1.18 in Q1.
The strong market is continuing into the 3rd quarter.

NAT looks like a great value at the current share price of about $36 compared to $40 just last Wednesday. Silly stock market! NAT is a component of this site’s Income Portfolio.

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