Nordic American Offshore Ltd (NYSE:NAO) Updates On Dividend Release Date


On 2016-08-04, Nordic American Offshore Ltd (NYSE:NAO) confirmed the dividend disbursement of $0.05 a share to shareholders as on record 2016-08-17. The firm will release dividend on 2016-09-06 while ex-dividend date is reported to be 2016-08-15.

The shareholders who will hold their stock holding till the ex-dividend date will receive payout. Last year, Nordic American Offshore Ltd (NYSE:NAO) paid a total of $0.05 per share in dividends. This figure stood at $0.05 a share in the same period a year ago indicating a deviation of -30.3704%.

Analyst Opinion The sell-side market experts layering the stock estimates have established a price target of $8 on the stock. This figure is the average of recommendations offered by 1 brokerages. The brokerages had set bullish as well as bearish price estimates, which stands at $8 and $8, respectively.

Taking the mathematical rating formula, the price for Nordic American Offshore Ltd (NYSE:NAO) stands at 2. Earnings Review Nordic American Offshore Ltd (NYSE:NAO) will report its quarterly earnings for the period ending on 2016-09-30 by 2016-11-14. For the period ending on 2016-09-30, experts are expecting EPS of $-0.38.

Coming to the quarter ending on 2015-12-31, Nordic American Offshore Ltd (NYSE:NAO) recorded EPS of $-0.36. The reported numbers came lower than the analysts’ estimates of $-0.32, demonstrating a miss of $-0.04 as against reported figures.

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