Dole PLC (NYSE:DOLE) Announces Quarterly Dividend of $0.09

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

Dole has a 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 Stock Performance

Shares of DOLE opened at $14.37 on Monday. The stock has a 50-day moving average of $14.65 and a two-hundred day moving average of $14.93. Dole has a one year low of $12.52 and a one year high of $16.57. The company has a debt-to-equity ratio of 0.59, a quick ratio of 0.91 and a current ratio of 1.25. The stock has a market cap of $1.37 billion, a P/E ratio of 31.94, a P/E/G ratio of 1.60 and a beta of 0.63.

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