Fresh Del Monte Produce, Inc. (NYSE:FDP - Get Free Report) declared a quarterly dividend on Wednesday, July 30th, RTT News reports. Investors of record on Wednesday, August 13th will be given a dividend of 0.30 per share on Friday, September 5th. This represents a c) annualized dividend and a yield of 3.3%. The ex-dividend date is Wednesday, August 13th.
Fresh Del Monte Produce has a payout ratio of 40.3% indicating that its dividend is sufficiently covered by earnings.
Fresh Del Monte Produce Trading Down 2.1%
FDP traded down $0.79 on Monday, hitting $36.50. 446,045 shares of the company were exchanged, compared to its average volume of 382,489. The firm has a fifty day simple moving average of $33.90 and a two-hundred day simple moving average of $32.29. The company has a debt-to-equity ratio of 0.10, a quick ratio of 1.11 and a current ratio of 2.08. Fresh Del Monte Produce has a 12 month low of $25.61 and a 12 month high of $40.75. The stock has a market capitalization of $1.75 billion, a PE ratio of 11.70 and a beta of 0.42.
Fresh Del Monte Produce (NYSE:FDP - Get Free Report) last issued its quarterly earnings data on Wednesday, July 30th. The company reported $1.23 earnings per share for the quarter, topping analysts' consensus estimates of $0.95 by $0.28. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.16 billion. Fresh Del Monte Produce had a return on equity of 6.84% and a net margin of 3.49%. The business's quarterly revenue was up 3.8% compared to the same quarter last year. During the same period last year, the company earned $1.06 EPS.
About Fresh Del Monte Produce
(
Get Free Report)
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.
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