Fresh Del Monte Produce Inc. (NYSE:FDP) Declares $0.25 Quarterly Dividend

Fresh Del Monte Produce Inc. (NYSE:FDP) declared a quarterly dividend on Tuesday, October 29th,Zacks Dividends reports. Shareholders of record on Thursday, November 14th will be paid a dividend of 0.25 per share on Friday, December 6th. This represents a $1.00 dividend on an annualized basis and a yield of 2.90%. The ex-dividend date of this dividend is Thursday, November 14th.

Fresh Del Monte Produce has raised its dividend payment by an average of 35.7% per year over the last three years. Fresh Del Monte Produce has a payout ratio of 34.7% indicating that its dividend is sufficiently covered by earnings.

Fresh Del Monte Produce Stock Up 0.7 %

Fresh Del Monte Produce stock opened at $34.51 on Tuesday. The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of 104.58 and a beta of 0.41. The company’s 50 day simple moving average is $29.82 and its 200 day simple moving average is $26.27. The company has a debt-to-equity ratio of 0.14, a current ratio of 2.09 and a quick ratio of 1.04. Fresh Del Monte Produce has a fifty-two week low of $21.23 and a fifty-two week high of $34.65.

Fresh Del Monte Produce (NYSE:FDP) last announced its quarterly earnings results on Thursday, October 31st. The company reported $0.77 earnings per share for the quarter, topping analysts’ consensus estimates of $0.47 by $0.30. Fresh Del Monte Produce had a net margin of 0.36% and a return on equity of 5.91%. The company had revenue of $1.02 billion for the quarter, compared to analysts’ expectations of $989.45 million. During the same period last year, the firm posted $0.35 earnings per share. The business’s quarterly revenue was up 1.6% compared to the same quarter last year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Fresh Del Monte Produce from a “hold” rating to a “buy” rating in a research report on Monday, August 5th.

Insider Activity at Fresh Del Monte Produce

In other Fresh Del Monte Produce news, VP Alexandre Apparecido sold 1,500 shares of the company’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $27.56, for a total transaction of $41,340.00. Following the completion of the transaction, the vice president now owns 1,139 shares of the company’s stock, valued at $31,390.84. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, VP Alexandre Apparecido sold 1,500 shares of the firm’s stock in a transaction dated Thursday, August 15th. The stock was sold at an average price of $27.56, for a total value of $41,340.00. Following the completion of the transaction, the vice president now owns 1,139 shares in the company, valued at $31,390.84. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Reyes Jorge Pelaez sold 5,417 shares of the company’s stock in a transaction dated Monday, August 19th. The stock was sold at an average price of $27.75, for a total value of $150,321.75. The disclosure for this sale can be found here. In the last quarter, insiders have sold 9,226 shares of company stock valued at $255,662. 30.10% of the stock is owned by insiders.

Fresh Del Monte Produce Company Profile

Fresh Del Monte Produce Inc, through its subsidiaries, produces, markets, and distributes fresh and fresh-cut fruits and vegetables in North America, Central America, South America, Europe, the Middle East, Africa, Asia, and internationally. It operates through three segments: Fresh and Value-Added Products, Banana, and Other Products and Services.