Dole PLC (DOLE) to Issue Quarterly Dividend of $0.09 on October 7th

Dole PLC (NYSE:DOLE) announced a quarterly dividend on Friday, August 7th. Stockholders of record on Wednesday, September 16th will be paid a dividend of 0.085 per share on Wednesday, October 7th. This represents a c) annualized dividend and a dividend yield of 2.5%. The ex-dividend date is Wednesday, September 16th.

Dole has a dividend payout ratio of 22.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Dole to earn $1.45 per share next year, which means the company should continue to be able to cover its $0.34 annual dividend with an expected future payout ratio of 23.4%.

Dole Price Performance

NYSE:DOLE opened at $13.38 on Monday. The stock has a market cap of $1.26 billion, a P/E ratio of 21.57, a PEG ratio of 1.40 and a beta of 0.61. Dole has a one year low of $12.52 and a one year high of $16.57. The company has a fifty day moving average price of $13.82 and a 200 day moving average price of $14.33. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.28 and a quick ratio of 0.98.

Dole (NYSE:DOLE) last announced its quarterly earnings data on Monday, August 10th. The company reported $0.46 earnings per share for the quarter, hitting the consensus estimate of $0.46. The company had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.53 billion. Dole had a return on equity of 7.06% and a net margin of 0.63%.Dole’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.55 EPS. Analysts anticipate that Dole will post 1.4 earnings per share for the current year.

Analyst Ratings Changes

Several research analysts recently issued reports on DOLE shares. Weiss Ratings raised shares of Dole from a “hold (c)” rating to a “hold (c+)” rating in a research report on Tuesday, August 11th. Deutsche Bank Aktiengesellschaft set a $14.00 price objective on Dole in a report on Tuesday, August 11th. Finally, Zacks Research raised Dole from a “strong sell” rating to a “hold” rating in a report on Monday, July 13th. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $14.00.

Dole Company Profile

Dole plc (NYSE: DOLE) is a global producer, marketer and distributor of fresh fruits and vegetables. The company’s portfolio includes bananas, pineapples, grapes, berries, avocados, melons, salads, packaged vegetables and other fresh produce. It supplies retail, foodservice and wholesale customers through sourcing, farming, processing, distribution and marketing operations.

The company serves customers across North America, Europe, Latin America, Asia and other international markets. Its vertically integrated operations include agricultural production, procurement from independent growers, fresh-cut processing, cold storage, transportation and distribution.