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

Fresh Del Monte Produce Inc. (NYSE:FDP - Get Free Report) declared a quarterly dividend on Tuesday, October 29th,Zacks Dividends reports. Stockholders 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 dividend yield of 2.91%. The ex-dividend date of this dividend is Thursday, November 14th.

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

Fresh Del Monte Produce Stock Performance

Shares of NYSE:FDP traded down $0.12 on Tuesday, hitting $34.40. 342,788 shares of the company were exchanged, compared to its average volume of 251,206. Fresh Del Monte Produce has a 1-year low of $21.23 and a 1-year high of $35.27. The stock's 50 day moving average price is $29.82 and its 200 day moving average price is $26.27. The company has a current ratio of 2.09, a quick ratio of 1.04 and a debt-to-equity ratio of 0.14. The firm has a market capitalization of $1.65 billion, a P/E ratio of 104.67 and a beta of 0.41.

Fresh Del Monte Produce (NYSE:FDP - Get Free Report) last issued its earnings results on Thursday, October 31st. The company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $1.02 billion during the quarter, compared to analysts' expectations of $989.45 million. During the same quarter last year, the company posted $0.35 earnings per share. The firm's revenue was up 1.6% compared to the same quarter last year.

Insider Buying and Selling

In other news, VP Reyes Jorge Pelaez sold 5,417 shares of the business's stock in a transaction that occurred on Monday, August 19th. The shares were sold at an average price of $27.75, for a total value of $150,321.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Fresh Del Monte Produce news, VP Alexandre Apparecido sold 1,500 shares of the 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 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, VP Reyes Jorge Pelaez sold 5,417 shares of the firm's stock in a transaction on Monday, August 19th. The stock was sold at an average price of $27.75, for a total transaction of $150,321.75. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,226 shares of company stock valued at $255,662. Corporate insiders own 30.10% of the company's stock.

Wall Street Analysts Forecast Growth

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

About Fresh Del Monte Produce

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.