March 8, 11.55 a.m. CET

A generous board

Cermaq’s shareholders -- of which the largest is the Norwegian state -- have enjoyed generous pay-outs since 2009.

Over the past three years, the company has distributed more than NOK 1 billion (€134.6 million/$177.3 million) in dividends to its shareholders, the group’s chief financial officer and acting CEO Tore Valderhaug said.

That includes around a planned dividend of NOK 400 million (€53.8 million/$70.9 million), or NOK 4.63 (€0.62/$0.82) per share, for 2011. That figure represented 40 percent of the group’s net adjusted result, Valderhaug said.

Cermaq