Fresh Del Monte Produce Inc (NYSE:DMC) Plans Quarterly Dividend of $0.30

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

Fresh Del Monte Produce Trading Up 1.5%

Shares of DMC opened at $29.05 on Thursday. The company has a market cap of $1.37 billion, a P/E ratio of 40.92 and a beta of 0.25. The company has a current ratio of 2.23, a quick ratio of 1.04 and a debt-to-equity ratio of 0.21. The firm’s 50-day simple moving average is $30.67. Fresh Del Monte Produce has a 12-month low of $26.47 and a 12-month high of $43.58.

Fresh Del Monte Produce (NYSE:DMC) last issued its quarterly earnings data on Thursday, October 29th. The company reported $0.50 EPS for the quarter, topping the consensus estimate of $0.46 by $0.04. The company had revenue of $1.10 billion during the quarter. Fresh Del Monte Produce had a return on equity of 6.43% and a net margin of 0.79%. The firm’s revenue for the quarter was up 7.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.69 EPS.

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.