Fresh Del Monte Produce Inc (NYSE:DMC) Shareholders to Receive $0.30 Quarterly Dividend

Fresh Del Monte Produce Inc (NYSE:DMC) declared a quarterly dividend on Tuesday, October 27th. Investors 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 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Tuesday, November 10th.

Fresh Del Monte Produce Stock Up 1.5%

DMC opened at $29.05 on Thursday. The company has a market cap of $1.37 billion, a PE ratio of 40.92 and a beta of 0.25. Fresh Del Monte Produce has a 12 month low of $26.47 and a 12 month high of $43.58. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.04 and a current ratio of 2.23. The company has a fifty day moving average price of $30.67.

Fresh Del Monte Produce (NYSE:DMC) last posted its earnings results on Thursday, October 29th. The company reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.46 by $0.04. Fresh Del Monte Produce had a return on equity of 6.43% and a net margin of 0.79%. The firm had revenue of $1.10 billion for the quarter. During the same quarter in the prior year, the firm posted $0.69 earnings per share. The business’s revenue was up 7.2% on a year-over-year basis.

Wall Street Analysts Forecast Growth

DMC has been the topic of several recent analyst reports. Weiss Ratings began coverage on Fresh Del Monte Produce in a report on Wednesday, August 5th. They set a “hold (c)” rating on the stock. Wall Street Zen raised shares of Fresh Del Monte Produce from a “hold” rating to a “buy” rating in a research note on Saturday, September 12th. One equities research analyst has rated the stock with a Hold rating. According to data from MarketBeat, Fresh Del Monte Produce has an average rating of “Hold”.

Fresh Del Monte Produce Company Profile

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.