Dole PLC (DOLE) to Issue Quarterly Dividend of $0.09 on April 8th

Dole PLC (NYSE:DOLE) declared a quarterly dividend on Tuesday, February 24th. Stockholders of record on Wednesday, March 18th will be paid a dividend of 0.085 per share on Wednesday, April 8th. This represents a c) dividend on an annualized basis and a dividend yield of 2.4%. The ex-dividend date is Wednesday, March 18th.

Dole has a 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 Stock Down 0.3%

Shares of Dole stock opened at $14.36 on Monday. Dole has a 1 year low of $12.52 and a 1 year high of $16.57. The company has a market cap of $1.37 billion, a P/E ratio of 27.09, a P/E/G ratio of 1.17 and a beta of 0.64. The company has a current ratio of 1.17, a quick ratio of 0.83 and a debt-to-equity ratio of 0.54. The stock has a 50-day moving average price of $15.35 and a 200 day moving average price of $14.42.

Dole (NYSE:DOLE) last released its earnings results on Wednesday, February 25th. The company reported $0.14 earnings per share for the quarter, beating the consensus estimate of $0.12 by $0.02. The company had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.32 billion. Dole had a return on equity of 7.81% and a net margin of 0.56%.The business’s revenue for the quarter was up 9.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.16 EPS. As a group, analysts expect that Dole will post 1.19 EPS for the current fiscal year.

About Dole

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.