For Investors Only: Watch NAT -- Absolutely Nothing To Do With The Bakken

Disclaimer: this is not an investment site. I have followed NAT for years, and it's a favorite of Cramer's, though I don't know where Cramer stands on NAT right now. I haven't watched Cramer since July, 2012. [My "live" television viewing is limited to NASCAR, if I can find a "free" (as in "available") television; and "Perry Mason" on Hula.com.]

But NAT is enticingly interesting: first and foremost, it serves as a bellwether of sorts for the global economy; as such it is interesting to watch its share price plummet (hoping that is not too strong a word). It is now almost fifty percent below its 52-week high (and even worse over 2- and 5-year history).

Second, it will be interesting to see its next dividend announcement.

Nordic American Tankers Limited today [October 9, 2012] announced that it expects to release its 3rd quarter 2012 report November 15, 2012, before the opening of trading at the New York Stock Exchange.

At that date the quarterly amount of dividend is expected to be announced. The record date is expected to be November 29, 2012, and the payment of dividend is expected to take place on or about December 12, 2012.

As previously communicated, the 3rd quarter 2012 is expected to be weaker than the 2nd quarter 2012. However, the 3rd quarter 2012 is expected to be well above the same period last year.

"Well above the same period last year." Hmmm. That only tells us how bad last year was.

It's hard for me to believe NAT won't continue a healthy dividend payout, but ...

Idle chatter.

I have no shares in NAT, and no plans to invest in NAT before the announcement, but I am eagerly awaiting the November 15th announcement, almost as much as the October 23 Apple announcement(s).