Today was a good day for anyone who holds shares in Clearwater Seafoods through Premium Brand Holdings Inc. They’ll be paid dividends of 77 cents a share ...
The Anne Risley, named after the mother of Clearwater founder John Risley, is one of three clam harvesting boats in the Clearwater fleet. These vessels fish for surf, cockle and propeller clams year round off Nova Scotia and Newfoundland, from the Banquereau and Grand Banks.Today was a good day for anyone who holds shares in Clearwater Seafoods through Premium Brand Holdings Inc.
“Clearwater had an excellent quarter and delivered record EBITDA for the year of about $130 million on sales of about $600 million,” said George Paleologou, chief executive for Premium, in a Friday morning conference call. At the time Clearwater held quotas for 48 million kilograms of surf clams, 3.9 million kilograms of offshore shrimp, 2.7 million kilograms of groundfish, 2.8 million kilograms of scallops, 720,000 kilograms of lobster and 270,000 kilograms of Jonah crab. It also has a fleet of 21 vessels, including an offshore lobster harvesting boat, and operates processing facilities in Nova Scotia, Newfoundland and Labrador, and Scotland.
They’re basing that projection on stable economic environments in Canada and the U.S. with inflation rates in both countries continuing to moderate, stable raw material costs and modest appreciation in the Canadian dollar relative to the U.S. dollar.
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