Nordic American Tankers Limited : Nordic American Tankers Limited (NYSE:NAT) - Declaration of Dividend for the 63rd consecutive

Nordic American Tankers Limited : Nordic American Tankers Limited (NYSE:NAT) -
           Declaration of Dividend for the 63rd consecutive quarter

Hamilton, Bermuda, April 16, 2013. 

Nordic American Tankers Ltd. (the "Company") today announced that its Board of
Directors has declared a dividend of $0.16 for the first quarter of 2013,  the 
same as for  the 4^th quarter  of 2012.  The level of  the declared  dividend 
should be  seen  in the  context  of  planned fleet  expansion.  Expansion  is 
essentially the same  as investing  in the future.  However, also  yield is  a 
priority as demonstrated by this payment of dividend for the 63rd  consecutive 
quarter since the autumn of 1997.

The record date is expected to be  April 30, 2013 and the payment of  dividend 
is expected to take place on or about May 14, 2013.

CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS

Matters  discussed  in  this  press  release  may  constitute  forward-looking 
statements. The Private  Securities Litigation  Reform Act  of 1995  provides 
safe harbor protections for forward-looking  statements in order to  encourage 
companies  to   provide   prospective  information   about   their   business. 
Forward-looking statements  include statements  concerning plans,  objectives, 
goals, strategies, future  events or performance,  and underlying  assumptions 
and other statements, which are other than statements of historical facts.

The Company desires  to take advantage  of the safe  harbor provisions of  the 
Private Securities  Litigation  Reform  Act  of 1995  and  is  including  this 
cautionary statement  in connection  with this  safe harbor  legislation.  The 
words "believe,"  "anticipate," "intend,"  "estimate," "forecast,"  "project," 
"plan," "potential," "will," "may," "should," "expect," "pending" and  similar 
expressions identify forward-looking statements.

The forward-looking statements in  this press release  are based upon  various 
assumptions, many  of which  are  based, in  turn, upon  further  assumptions, 
including without  limitation,  our  management's  examination  of  historical 
operating trends, data contained in our records and other data available  from 
third parties. Although  we believe  that these  assumptions were  reasonable 
when made, because  these assumptions  are inherently  subject to  significant 
uncertainties and contingencies which are  difficult or impossible to  predict 
and are beyond  our control,  we cannot  assure you  that we  will achieve  or 
accomplish these  expectations,  beliefs  or  projections.  We  undertake  no 
obligation to update any forward-looking statement, whether as a result of new
information, future events or otherwise.

Important factors that,  in our  view, could  cause actual  results to  differ 
materially from those discussed in the forward-looking statements include  the 
strength  of  world  economies  and  currencies,  general  market  conditions, 
including fluctuations in charter rates  and vessel values, changes in  demand 
in the tanker market,  as a result of  changes in OPEC's petroleum  production 
levels and world wide  oil consumption and storage,  changes in our  operating 
expenses, including bunker prices, drydocking and insurance costs, the  market 
for our  vessels,  availability  of  financing  and  refinancing,  changes  in 
governmental rules and regulations or actions taken by regulatory authorities,
potential liability from  pending or future  litigation, general domestic  and 
international political conditions,  potential disruption  of shipping  routes 
due to  accidents or  political events,  vessels breakdowns  and instances  of 
off-hires and  other important  factors described  from time  to time  in  the 
reports filed  by the  Company with  the Securities  and Exchange  Commission, 
including the prospectus and related prospectus supplement, our Annual  Report 
on Form 20-F, and our reports on Form 6-K.

Contacts:
Scandic American Shipping Ltd 
Manager for:
Nordic American Tankers Limited
P.O Box 56, 3201 Sandefjord, Norway
Tel: + 47 33 42 73 00 E-mail: nat@scandicamerican.com

Rolf Amundsen, Head of Investor Relations, Norway
Nordic American Tankers Limited
Tel: +1 800 601 9079 or + 47 908 26 906

Jacob Ellefsen, Head of Research, Monaco
Nordic American Tankers Limited
Tel: + 377 93 25 89 07 or + 33678 631959

Turid M. Sørensen, EVP & CFO, Norway
Nordic American Tankers Limited
Tel: +47 33 42 73 00 or +47 90 57 29 27

Gary J. Wolfe
Seward & Kissel LLP, New York, USA
Tel: +1 212 574 1223

Herbjørn Hansson, Chairman and CEO
Nordic American Tankers Limited
Tel: +1 866 805 9504 or + 47 901 46291

Press Release (PDF)

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Source: Nordic American Tankers Limited via Thomson Reuters ONE
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