Nordic American Tankers (NAT) reported a Q3 net loss Friday of $0.01 per diluted share, swinging from earnings of $0.04 a year earlier.

Four analysts polled by FactSect expected EPS of $0.03.

Net voyage revenue for the quarter ended Sept. 30 was $45.7 million, compared with $52 million a year earlier.

Four analysts polled by FactSect expected $54.1 million.

The company raised its quarterly dividend to $0.13 a share from $0.10, payable Dec. 22 to shareholders of record as of Dec. 8.