The recently established company, Nordic American Offshore Ltd (NAO) announced October 20, a dividend of $0.45 per share for the 3rd quarter 2014. The payment of dividend is expected to take place on or about November 21 to shareholders of record as of November 7, 2014. The company released its 3Q2014 earnings report October 30, 2014. NAO is owning and operating 10 offshore supply vessels.
Nordic American Tankers Limited (NAT) declared a cash dividend of $0.14 per share on October 7, 2014. The record date was October 22, 2014 and payment date is on or about November 5, 2014. The report for the 3rd quarter 2014 is expected to be announced before NYSE opening Monday November 10, 2014. NAT is owning and operating 22 Suezmax tankers that can load one million barrels of crude oil.
NAT owns 17.1% of NAO. In summary, NAT and NAO are two completely independent companies.