Fresh Del Monte Produce Inc (NYSE:DMC) to Issue Quarterly Dividend of $0.30

Fresh Del Monte Produce Inc (NYSE:DMC) declared a quarterly dividend on Tuesday, October 27th. Stockholders of record on Wednesday, November 11th will be given a dividend of $0.30 per share on Friday, December 4th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Tuesday, November 10th.

Fresh Del Monte Produce Stock Up 1.5%

Fresh Del Monte Produce stock opened at $29.05 on Thursday. The company’s 50 day moving average is $30.67. The company has a quick ratio of 1.04, a current ratio of 2.23 and a debt-to-equity ratio of 0.21. Fresh Del Monte Produce has a twelve month low of $26.47 and a twelve month high of $43.58. The company has a market cap of $1.37 billion, a P/E ratio of 40.92 and a beta of 0.25.

Fresh Del Monte Produce (NYSE:DMC) last posted its quarterly earnings results on Thursday, October 29th. The company reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.46 by $0.04. Fresh Del Monte Produce had a net margin of 0.79% and a return on equity of 6.43%. The company had revenue of $1.10 billion for the quarter. During the same period last year, the firm posted $0.69 EPS. The company’s revenue for the quarter was up 7.2% compared to the same quarter last year.

About Fresh Del Monte Produce

Fresh Del Monte Produce Inc is a vertically integrated producer, distributor and marketer of fresh and prepared fruits and vegetables. Its product portfolio includes bananas, pineapples, melons, avocados, berries, grapes, tomatoes and other fresh produce, along with prepared fruit, vegetables, juices and snacks sold under the Del Monte brand and other labels.

The company manages activities across the produce supply chain, including cultivation, sourcing, harvesting, processing, packaging, transportation and distribution.