Fresh Del Monte Produce Inc (FDP) To Go Ex-Dividend on November 13th

Fresh Del Monte Produce Inc (NYSE:FDP) announced a quarterly dividend on Wednesday, October 31st, NASDAQ reports. Stockholders of record on Wednesday, November 14th will be given a dividend of 0.15 per share on Friday, December 7th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.83%. The ex-dividend date of this dividend is Tuesday, November 13th.

Fresh Del Monte Produce has increased its dividend by an average of 6.3% annually over the last three years and has increased its dividend every year for the last 2 years.

FDP stock opened at $32.81 on Thursday. Fresh Del Monte Produce has a twelve month low of $29.06 and a twelve month high of $52.43. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.95 and a quick ratio of 0.97. The company has a market cap of $1.61 billion, a PE ratio of 41.47 and a beta of 0.47.

Fresh Del Monte Produce (NYSE:FDP) last released its quarterly earnings results on Tuesday, October 30th. The company reported ($0.14) earnings per share for the quarter, missing analysts’ consensus estimates of $0.27 by ($0.41). Fresh Del Monte Produce had a return on equity of 2.17% and a net margin of 0.13%. The company had revenue of $1.07 billion for the quarter. During the same period in the prior year, the firm earned $0.24 earnings per share. The company’s quarterly revenue was up 12.3% on a year-over-year basis.

In other Fresh Del Monte Produce news, VP Reyes Jorge Pelaez sold 1,755 shares of Fresh Del Monte Produce stock in a transaction on Tuesday, August 14th. The shares were sold at an average price of $38.64, for a total value of $67,813.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Richard Contreras sold 3,379 shares of Fresh Del Monte Produce stock in a transaction on Friday, August 10th. The stock was sold at an average price of $38.58, for a total transaction of $130,361.82. The disclosure for this sale can be found here. In the last ninety days, insiders sold 87,910 shares of company stock valued at $3,350,219. 39.00% of the stock is currently owned by corporate insiders.

Separately, TheStreet downgraded shares of Fresh Del Monte Produce from a “b-” rating to a “c+” rating in a research report on Friday, August 17th.

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About Fresh Del Monte Produce

Fresh Del Monte Produce Inc, through its subsidiaries, produces, markets, and distributes fresh and fresh-cut fruits and vegetables worldwide. It offers fresh produce products consisting of bananas, pineapples, melons, tomatoes, grapes, apples, pears, peaches, plums, nectarines, cherries, citrus, avocados, blueberries, strawberries, and kiwi; various vegetables, including potatoes, onions, bell peppers, and cucumbers; and various other fruits, such as plantains and mangos.

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Dividend History for Fresh Del Monte Produce (NYSE:FDP)

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