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

Fresh Del Monte Produce, Inc. (NYSE:FDPGet 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 (NYSE:FDPGet Free Report) last posted its earnings results on Thursday, February 19th. The company reported $0.70 EPS for the quarter, topping the consensus estimate of $0.28 by $0.42. The firm had revenue of $968.20 million for the quarter, compared to analyst estimates of $1.01 billion. Fresh Del Monte Produce had a return on equity of 7.63% and a net margin of 2.10%.Fresh Del Monte Produce’s revenue for the quarter was up .6% compared to the same quarter last year. During the same period last year, the company earned $0.26 earnings per share.

Fresh Del Monte Produce Company Profile

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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

Dividend History for Fresh Del Monte Produce (NYSE:FDP)

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