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

Fresh Del Monte Produce Inc (NYSE:DMC) announced a quarterly dividend on Tuesday, July 28th. Investors of record on Wednesday, August 12th will be given a dividend of 0.30 per share on Friday, September 4th. This represents a c) dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Wednesday, August 12th.

Fresh Del Monte Produce Stock Performance

Shares of DMC opened at $30.75 on Monday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.04 and a current ratio of 2.23. The stock has a market cap of $1.45 billion, a P/E ratio of 43.31 and a beta of 0.25. 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 announced its quarterly earnings data on Thursday, July 30th. The company reported $0.72 EPS for the quarter. Fresh Del Monte Produce had a return on equity of 6.43% and a net margin of 0.79%.The company had revenue of $1.22 billion during the quarter.

Insider Buying and Selling

In other Fresh Del Monte Produce news, COO Mohammed Abbas purchased 12,000 shares of the business’s stock in a transaction on Tuesday, August 4th. The stock was purchased at an average price of $29.89 per share, for a total transaction of $358,680.00. Following the completion of the purchase, the chief operating officer directly owned 71,930 shares in the company, valued at approximately $2,149,987.70. This trade represents a 20.02% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 30.60% of the stock is currently owned by corporate insiders.

About Fresh Del Monte Produce

Fresh Del Monte Produce Inc is a vertically integrated producer, distributor and marketer of fresh and prepared food products. Its portfolio includes bananas, pineapples, melons, avocados, berries and other fresh fruits, along with vegetables, fresh-cut produce, juices, snacks and prepared foods. The company sells products under the Del Monte brand and other brands, as well as through private-label and foodservice channels.

Fresh Del Monte manages activities across much of the agricultural supply chain, including growing, sourcing, packing, transporting, marketing and distributing produce.