Friday, November 1, 2013

Clearwater Seafoods Inc. - CLR.t

Clearwater Seafoods Inc. - CLR.t operates a modern fleet with innovative harvesting practices, designed to ensure seafood products are as fresh and pristine as the moment they were caught.

Clearwater logistics experts and network of importers and distributors around the globe provide reliable and consistent supply 365 days of the year.


On November 1, 2013 the company reported News

• Initiates annual dividend of $0.10 per share, payable in quarterly installments of $0.025 per share with the first payment to be made on December 13, 2013 to shareholders of record as of November 29, 2013.

Today, Clearwater Seafoods Incorporated ("Clearwater") announced the initiation of an annual dividend of $0.10 per share, payable in quarterly installments of $0.025 per share with the first quarterly payment to be made on December 13, 2013 to shareholders of record as of November 29, 2013.

Colin MacDonald, Chairman of the Board of Directors of Clearwater, stated, "Our shareholders have been rewarded for investing in Clearwater over the past few years through significant appreciation in the value of their shares and the Board of Directors is delighted to supplement that substantial return and express our confidence in Clearwater's future by announcing a quarterly cash dividend."

Mr. MacDonald continued, "Central to the Board of Directors' decision to announce a dividend was our confidence in the future and our belief that it could be set at a level that is not only sustainable but that provides some opportunity for growth."

Mr. MacDonald concluded "In making the determination of dividend levels, the Board gave consideration to a number of key principles including the expected future earnings and the amount of free cash flows that should be retained to reinvest in the business, the assurance that all obligations can be met with respect to existing loan agreements and the desire to provide room for the dividend to increase in the future as the business continues to grow and expand. The Board will review these same factors on a periodic basis, and at least annually, when reviewing opportunites to adjust or increase the dividend."

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