Nordic American Tanker Shipping (NAT) announced an underwritten public offering of 4,000,000 common shares after the close Thursday. The company also announced that it expects its dividend per share for the fourth quarter to be around $0.23 per share. The stock is now down 1.75 on 9K shares.
Nordic American Tanker Shipping declined throughout the first 2 hours of Thursday's session and finished down by 1.09 at $32.65. The stock fell to a week and a half low.
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