The main reason for the drop lies in the group’s large dividend, which was handed out on May 9.
On May 9, Marine Harvest’s share price was at NOK 6.81 (€0.86/$1.2).
Following the payment of the dividend -- of NOK 2.8 billion (€353.4 million/$502.8 million) -- the shares have dropped to NOK 5.50 (€0.69/$0.99).
“This can indicate that many investors were interested in receiveing the dividend of NOK 0.80 (€0.1/$0.14), but that several sold out afterwards,” Klaus Hatlebrekke, analyst at DnB Nor Markets, told IntraFish.
“There
