Dole PLC (DOLE) To Go Ex-Dividend on June 17th

Dole PLC (NYSE:DOLE) announced a quarterly dividend on Friday, May 8th. Shareholders of record on Wednesday, June 17th will be given a dividend of 0.085 per share on Wednesday, July 8th. This represents a c) annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Wednesday, June 17th.

Dole has a dividend payout ratio of 22.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Dole to earn $1.43 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 23.8%.

Dole Trading Up 0.2%

Dole stock opened at $14.37 on Monday. The firm has a market cap of $1.37 billion, a PE ratio of 31.94, a P/E/G ratio of 1.60 and a beta of 0.63. The stock’s 50 day simple moving average is $14.65 and its two-hundred day simple moving average is $14.93. The company has a current ratio of 1.25, a quick ratio of 0.91 and a debt-to-equity ratio of 0.59. Dole has a 12 month low of $12.52 and a 12 month high of $16.57.

Dole (NYSE:DOLE) last issued its quarterly earnings results on Monday, May 11th. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). The business had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.23 billion. Dole had a return on equity of 7.63% and a net margin of 0.46%.The business’s revenue for the quarter was up 11.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.35 EPS. Analysts anticipate that Dole will post 1.39 earnings per share for the current year.

Dole Company Profile

Dole plc is a global producer, marketer and distributor of fresh fruits and vegetables. The company’s product range includes bananas, pineapples, berries, grapes, salads and a variety of other fresh and packaged produce, sold under the Dole brand and through private-label arrangements. Dole’s operations span the full fresh-produce value chain, from farming and sourcing to packing, ripening, cold‑chain logistics and wholesale and retail distribution, supporting both retail grocery and foodservice customers.

The company traces its commercial heritage to the early 20th century Hawaiian pineapple business founded by James Dole and has evolved through subsequent corporate restructurings and combinations.