Fresh Del Monte Produce Inc(NYSE:FDP) Declares Dividend of $0.1500.

Fresh Del Monte Produce Inc (NYSE:FDP) had declared a cash dividend of $0.1500 on Aug 3, 2016. The shares will quote ex-dividend on Aug 15, 2016 and the record date has been fixed for Aug 17, 2016. On Aug 3, 2016 share price, the yield comes out to be 1.0028%. The dividend payable date has been fixed on Sep 9, 2016.

In a different note, Sidoti & Co. said it Initiates Coverage on Fresh Del Monte Produce Inc, according to a research note issued on May 12, 2016. The shares have been rated ‘Neutral’ by the firm.

Fresh Del Monte Produce Inc (FDP) made into the market gainers list on Fridays trading session with the shares advancing 0.85% or 0.51 points. Due to strong positive momentum, the stock ended at $60.23, which is also near the day’s high of $60.24. The stock began the session at $59.64 and the volume stood at 1,81,937 shares. The 52-week high of the shares is $60.85 and the 52 week low is $36.51. The company has a current market capitalization of $3,088 M and it has 5,12,61,905 shares in outstanding.

Fresh Del Monte Produce Inc(FDP) last announced its earnings results on Aug 2, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $1.09B. Analysts had an estimated revenue of $1.16B. Earnings per share were $1.75. Analysts had estimated an EPS of $1.24.

Several Insider Transactions has been reported to the SEC. On Jun 3, 2016, Ghazaleh Amir Abu (director) sold 11,201 shares at $52.91 per share price.Also, On May 23, 2016, Michael J Berthelot (director) sold 6,250 shares at $49.65 per share price.On May 11, 2016, Mohammad Abu-ghazaleh (Chairman and CEO) sold 20,622 shares at $48.89 per share price, according to the Form-4 filing with the securities and exchange commission.

Fresh Del Monte Produce Inc. is an exempted holding company. Through its subsidiaries the Company is engaged in sourcing transportation and marketing fresh and fresh-cut fruit and vegetables together with prepared food products in Europe Africa and the Middle East. Its operations are aggregated into business segments on the basis of its products: bananas other fresh produce and prepared food. Other fresh produce includes pineapples melons non-tropical fruit fresh-cut products other fruit and vegetables a third-party ocean freight business and a plastic product and box manufacturing business. Prepared food includes prepared fruit and vegetables juices beverages snacks poultry and meat products. It sources its fresh produced products from Central and South America Africa the Philippines North America and Europe. The Company sources its prepared food products from Africa Europe and the Middle East. It markets its products across the world under the DEL MONTE brand.

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