Dole PLC (NYSE:DOLE) to Issue $0.09 Quarterly Dividend

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

Dole has a dividend payout ratio of 22.7% indicating that its dividend is sufficiently covered by earnings. Research 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 Trading Up 0.2%

DOLE opened at $14.37 on Monday. The stock’s fifty day moving average is $14.65 and its two-hundred day moving average is $14.93. The company has a market capitalization of $1.37 billion, a P/E ratio of 31.94, a PEG ratio of 1.60 and a beta of 0.63. Dole has a 52 week low of $12.52 and a 52 week high of $16.57. The company has a quick ratio of 0.91, a current ratio of 1.25 and a debt-to-equity ratio of 0.59.

Dole (NYSE:DOLE) last released its quarterly earnings data on Monday, May 11th. The company reported $0.33 EPS for the quarter, missing the consensus estimate 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 analysts’ expectations of $2.23 billion. During the same quarter in the previous year, the business earned $0.35 earnings per share. The company’s revenue for the quarter was up 11.6% compared to the same quarter last year. Analysts forecast that Dole will post 1.39 earnings per share for the current year.

Dole Company Profile

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.