Fresh Del Monte Produce, Inc. (FDP) To Go Ex-Dividend on May 19th

Fresh Del Monte Produce, Inc. (NYSE:FDP) announced a quarterly dividend on Tuesday, April 28th. Stockholders of record on Tuesday, May 19th will be paid a dividend of 0.30 per share on Thursday, June 11th. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date is Tuesday, May 19th.

Fresh Del Monte Produce has increased its dividend payment by an average of 0.3%annually over the last three years and has raised its dividend annually for the last 5 consecutive years. Fresh Del Monte Produce has a dividend payout ratio of 40.3% meaning its dividend is sufficiently covered by earnings.

Fresh Del Monte Produce Price Performance

FDP opened at $32.52 on Friday. The stock’s 50 day simple moving average is $40.58 and its 200 day simple moving average is $38.65. The company has a debt-to-equity ratio of 0.22, a current ratio of 2.34 and a quick ratio of 1.10. Fresh Del Monte Produce has a 1 year low of $31.68 and a 1 year high of $43.58. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of 22.43 and a beta of 0.30.

Fresh Del Monte Produce (NYSE:FDP) last posted its quarterly earnings results on Wednesday, May 6th. The company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.62 by $0.01. Fresh Del Monte Produce had a return on equity of 7.61% and a net margin of 1.63%.The business had revenue of $1.04 billion for the quarter, compared to analyst estimates of $1.03 billion. During the same period last year, the company earned $0.63 EPS. Fresh Del Monte Produce’s revenue for the quarter was down 4.9% compared to the same quarter last year.

About Fresh Del Monte Produce

Fresh Del Monte Produce Inc is a leading producer, marketer and distributor of fresh and fresh-cut fruits and vegetables worldwide. The company offers a wide range of products including bananas, pineapples, melons, grapes and avocados, along with value-added items such as fruit salads, vegetable trays and snack packs under the Del Monte® brand.

Founded in 1989 as a spin-off from Del Monte, Fresh Del Monte has developed a global supply chain that spans production farms, ripening facilities and packaging centers across Latin America, North America, Europe, Asia and Africa.