Nordic American Offshore (NAO) cut its dividend for the fifth-straight quarter as the New York-listed company reported a deeper-than-expected loss.
The Herbjorn Hansson-led offshore vessel owner reported a net loss of nearly $8.64m for the third quarter, lower than the $3.1m in red numbers reported in the same period of 2015.
The loss per share of $0.42 was below the average analyst estimate of $0.34.
The
