Fresh Del Monte Produce, Inc. (NYSE:FDP) Declares Quarterly Dividend of $0.30

Fresh Del Monte Produce, Inc. (NYSE:FDP) announced a quarterly dividend on Tuesday, February 17th. Shareholders of record on Wednesday, March 4th will be paid a dividend of 0.30 per share on Friday, March 27th. This represents a c) annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend is Wednesday, March 4th.

Fresh Del Monte Produce has increased its dividend by an average of 0.5%annually over the last three years and has increased its dividend every year for the last 5 years. Fresh Del Monte Produce has a payout ratio of 40.3% indicating that its dividend is sufficiently covered by earnings.

Fresh Del Monte Produce Stock Performance

Shares of NYSE:FDP traded up $2.20 on Wednesday, reaching $42.52. 358,096 shares of the company’s stock were exchanged, compared to its average volume of 232,375. Fresh Del Monte Produce has a twelve month low of $26.50 and a twelve month high of $42.90. The company has a fifty day moving average of $37.63 and a 200-day moving average of $36.28. The company has a market capitalization of $2.03 billion, a price-to-earnings ratio of 26.09 and a beta of 0.30. The company has a current ratio of 2.09, a quick ratio of 1.07 and a debt-to-equity ratio of 0.09.

Fresh Del Monte Produce (NYSE:FDP) last issued its quarterly earnings results on Wednesday, February 18th. The company reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.42. Fresh Del Monte Produce had a return on equity of 6.63% and a net margin of 1.84%.The business had revenue of $968.20 million during the quarter, compared to analysts’ expectations of $1.01 billion. During the same period in the previous year, the company posted $0.26 earnings per share. The firm’s revenue for the quarter was up .6% compared to the same quarter last year.

Fresh Del Monte Produce News Summary

Here are the key news stories impacting Fresh Del Monte Produce this week:

• Positive Sentiment: Q4 EPS materially beat estimates (reported $0.70 vs. $0.28 consensus; +$0.42) and improved year-over-year (prior-year $0.26), which supports the rally in the stock. Fresh Del Monte Press Release
• Positive Sentiment: The board declared a quarterly dividend of $0.30 per share (annualized $1.20), implying roughly a 2.8% yield; record/ex-dividend date: March 4, payable March 27 — supportive for income-focused investors.
• Neutral Sentiment: Press and analyst coverage note a possible major acquisition on the horizon that could boost scale but adds execution and financing uncertainty. Fresh Del Monte acquisition coverage
• Neutral Sentiment: Management’s earnings call transcript and slide deck are available for details on segment performance and outlook — useful if you want to assess guidance and margin drivers. Earnings Call Transcript
• Negative Sentiment: Revenue missed analyst expectations ($968.2M reported vs. ~$1.01B est.) and grew only 0.6% YoY; net margin is low (1.84%) and ROE modest (6.63%), which could limit upside if top-line momentum slows. Earnings Summary

Fresh Del Monte Produce Company Profile

Fresh Del Monte Produce Inc is a leading producer, marketer and distributor of fresh and fresh-cut fruits and vegetables worldwide. The company offers a wide range of products including bananas, pineapples, melons, grapes and avocados, along with value-added items such as fruit salads, vegetable trays and snack packs under the Del Monte® brand.

Founded in 1989 as a spin-off from Del Monte, Fresh Del Monte has developed a global supply chain that spans production farms, ripening facilities and packaging centers across Latin America, North America, Europe, Asia and Africa.