The Board of Directors for fruit and vegetable company Fresh Del Monte Produce has declared a quarterly cash dividend of $0.125 per share. This is the same amount that the company has paid since March, when it raised its payout 25% from $0.10 a share.
Fresh Del Monte Produce's latest dividend will be payable on Sept. 6 to stockholders of record on Aug. 14. The current payout amount annualizes to $0.50 per share, and as of the market's close on Aug. 1, the company's stock price was $28.95 , which means the company's dividend has a 1.7% yield.
The article Fresh Del Monte Produce Announces Quarterly Dividend originally appeared on Fool.com.Fool contributor Caroline Bennett has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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