The world’s largest salmon farmer runs the risk of missing out on expected consolidation of the industry in Chile by its cautious approach to expansion and commitment to paying dividends, Geir Kristiansen, senior equity analyst with Argo Securities, told IntraFish.
Based on record fourth quarter results, strong volume increase and expected cash flow in 2011, the Marine Harvest board will propose a dividend of NOK 0.60 (€0.07/$0.1) per share to the annual general meeting to be held in May. The board expects to announce a second dividend this year in connection with the presentation of the second quarter results.
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