Nordic American Offshore Ltd (NAO) Stake Lowered by Mackenzie Financial Corp
Mackenzie Financial Corp trimmed its position in shares of Nordic American Offshore Ltd (NYSE:NAO) by 8.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,499,379 shares of the shipping company’s stock after selling 422,800 shares during the period. Mackenzie Financial Corp owned 7.26% of Nordic American Offshore worth $6,344,000 at the end of the most recent reporting period.
Shares of Nordic American Offshore Ltd (NYSE NAO) opened at $1.22 on Friday. Nordic American Offshore Ltd has a 52-week low of $0.80 and a 52-week high of $3.50. The company has a debt-to-equity ratio of 0.51, a quick ratio of 13.11 and a current ratio of 13.46.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Monday, November 27th will be given a dividend of $0.02 per share. The ex-dividend date is Friday, November 24th. This represents a $0.08 annualized dividend and a dividend yield of 6.56%. Nordic American Offshore’s payout ratio is -8.60%.
Nordic American Offshore Company Profile
Nordic American Offshore Limited (NAO) operates platform supply vessels (PSV). The Company owns approximately eight vessels. The Company operates in the offshore support vessel market segment. The Company has approximately two vessels under construction. The Company’s vessels operate in the North Sea in both the term and spot market.
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