Fresh Del Monte Produce, Inc. (NYSE:FDP – Get Free Report) announced a quarterly dividend on Tuesday, April 28th. Stockholders of record on Tuesday, May 19th will be given a dividend of 0.30 per share on Thursday, June 11th. This represents a c) dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date is Tuesday, May 19th.
Fresh Del Monte Produce has increased its dividend payment by an average of 0.3%per year over the last three years and has increased its dividend annually for the last 5 consecutive years. Fresh Del Monte Produce has a dividend payout ratio of 40.3% indicating that its dividend is sufficiently covered by earnings.
Fresh Del Monte Produce Stock Performance
NYSE FDP opened at $42.08 on Wednesday. The firm has a market capitalization of $2.00 billion, a P/E ratio of 22.38 and a beta of 0.28. The stock has a 50-day simple moving average of $41.74 and a two-hundred day simple moving average of $38.45. The company has a debt-to-equity ratio of 0.09, a quick ratio of 1.06 and a current ratio of 2.16. Fresh Del Monte Produce has a fifty-two week low of $31.43 and a fifty-two week high of $43.58.
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 MonteĀ® 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.
Further Reading
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