Clearwater Seafoods Inc (TSE:CLR)’s share price was down 19.7% during trading on Thursday . The stock traded as low as C$8.90 and last traded at C$7.48. Approximately 650,240 shares traded hands during mid-day trading, an increase of 599% from the average daily volume of 93,028 shares. The stock had previously closed at C$9.31.

Separately, Scotiabank dropped their target price on Clearwater Seafoods from C$14.00 to C$13.50 and set an “outperform” rating for the company in a research note on Friday, September 8th.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Friday, December 1st will be paid a $0.05 dividend. The ex-dividend date is Thursday, November 16th. This represents a $0.20 annualized dividend and a yield of 2.79%. Clearwater Seafoods’s payout ratio is currently 40.82%.

In other news, insider Teresa Fortney purchased 10,000 shares of the company’s stock in a transaction on Monday, August 21st. The stock was bought at an average cost of C$10.75 per share, for a total transaction of C$107,500.00. Also, Director Brendan John Paddick purchased 9,400 shares of the company’s stock in a transaction on Thursday, September 21st. The shares were purchased at an average price of C$9.60 per share, with a total value of C$90,240.00. Insiders purchased 24,600 shares of company stock valued at $252,030 over the last quarter.

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About Clearwater Seafoods

Clearwater Seafoods Incorporated is a seafood company. The Company is engaged in the ownership and operation of assets and property in connection with the harvesting, processing, distribution and marketing of seafood. The Company’s segment includes integrated operations for harvesting, processing and distribution of seafood products.

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