Dole PLC (DOLE) To Go Ex-Dividend on December 9th

Dole PLC (NYSE:DOLE) declared a quarterly dividend on Friday, November 7th. Shareholders of record on Tuesday, December 9th will be given a dividend of 0.085 per share on Tuesday, January 6th. This represents a c) annualized dividend and a yield of 2.3%. The ex-dividend date of this dividend is Tuesday, December 9th.

Dole has a dividend payout ratio of 22.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Dole to earn $1.38 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 24.6%.

Dole Trading Up 0.7%

DOLE stock opened at $14.89 on Friday. The company has a debt-to-equity ratio of 0.60, a current ratio of 1.21 and a quick ratio of 0.90. The stock has a market capitalization of $1.42 billion, a price-to-earnings ratio of 99.26, a P/E/G ratio of 2.82 and a beta of 0.64. Dole has a fifty-two week low of $12.20 and a fifty-two week high of $15.36. The business has a fifty day moving average price of $13.50 and a 200 day moving average price of $13.83.

Dole (NYSE:DOLE) last released its earnings results on Monday, November 10th. The company reported $0.16 earnings per share for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.01). The firm had revenue of $2.28 billion for the quarter, compared to the consensus estimate of $2.25 billion. Dole had a return on equity of 7.98% and a net margin of 0.17%.The company’s revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.19 EPS. Analysts expect that Dole will post 1.19 EPS for the current fiscal year.

Institutional Trading of Dole

Large investors have recently made changes to their positions in the company. Penn Capital Management Company LLC lifted its holdings in Dole by 43.1% during the third quarter. Penn Capital Management Company LLC now owns 184,569 shares of the company’s stock worth $2,481,000 after acquiring an additional 55,585 shares in the last quarter. Jacobs Levy Equity Management Inc. lifted its holdings in shares of Dole by 4.8% during the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 501,409 shares of the company’s stock valued at $6,739,000 after purchasing an additional 22,902 shares in the last quarter. Verition Fund Management LLC increased its stake in Dole by 263.0% during the 3rd quarter. Verition Fund Management LLC now owns 101,922 shares of the company’s stock worth $1,370,000 after purchasing an additional 73,848 shares in the last quarter. Polymer Capital Management US LLC acquired a new stake in Dole during the 3rd quarter worth approximately $384,000. Finally, Invenomic Capital Management LP lifted its stake in Dole by 24.3% in the third quarter. Invenomic Capital Management LP now owns 1,540,959 shares of the company’s stock valued at $20,710,000 after buying an additional 301,319 shares in the last quarter.

About Dole

Dole Food Company, Inc (Dole) is a producer, marketer and distributor of fresh fruit and fresh vegetables. The Company is a producer of bananas and pineapples, and packaged fruit products, packaged salads and fresh-packed vegetables. The Company has three business segments: fresh fruit, fresh vegetables and packaged foods.