marineharvest

Figure 1. Marine Harvest stock price development.

Marine Harvest has decided to increase its dividend

 

The board of Marine Harvest has proposed to increase the dividend from 0.6 NOK to 0.8 NOK.  The board also proposes to introduce a semi-annual dividend; the final decision will be made at the annual general meeting on May 23, 2011. At the current stock price (as of March 31) this gives a dividend yield of 11.5%. The stock price is currently trading above the 50, 100 and 200 day moving averages (see Figure 1). The stock price has recently risen on speculation of increased demand for seafood from Japan and Asia after the Fukushima accident. This is reflected in a 0.9% increase in Norwegian salmon export prices on March 30.

On a P/E basis Marine Harvest trades at 7.95, the earnings per share stands at 0.87 NOK and the price to book ratio at 1.97. Its beta is 0.83 and thus the share is less volatile than the market.

 

No comments yet.

    Sign in or sign up and post using a HubPages Network account.

    0 of 8192 characters used
    Post Comment

    No HTML is allowed in comments, but URLs will be hyperlinked. Comments are not for promoting your articles or other sites.


    Click to Rate This Article
    working