Dole PLC (NYSE:DOLE – Get Free Report) declared a quarterly dividend on Friday, May 8th. Stockholders of record on Wednesday, June 17th will be paid a dividend of 0.085 per share on Wednesday, July 8th. This represents a c) annualized dividend and a dividend yield of 2.4%. The ex-dividend date of this dividend is Wednesday, June 17th.
Dole has a dividend payout ratio of 22.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect Dole to earn $1.43 per share next year, which means the company should continue to be able to cover its $0.34 annual dividend with an expected future payout ratio of 23.8%.
Dole Stock Up 0.2%
Shares of NYSE DOLE opened at $14.37 on Monday. Dole has a 12 month low of $12.52 and a 12 month high of $16.57. The company has a current ratio of 1.25, a quick ratio of 0.91 and a debt-to-equity ratio of 0.59. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 31.94, a PEG ratio of 1.60 and a beta of 0.63. The business has a 50-day moving average of $14.65 and a 200-day moving average of $14.93.
Institutional Trading of Dole
A number of institutional investors have recently made changes to their positions in the stock. Pale Fire Capital SE lifted its stake in Dole by 0.6% in the first quarter. Pale Fire Capital SE now owns 9,427,476 shares of the company’s stock worth $134,719,000 after acquiring an additional 54,700 shares during the period. Dimensional Fund Advisors LP lifted its stake in Dole by 15.2% in the first quarter. Dimensional Fund Advisors LP now owns 4,999,095 shares of the company’s stock worth $71,438,000 after acquiring an additional 659,892 shares during the period. Victory Capital Management Inc. lifted its stake in Dole by 1.0% in the fourth quarter. Victory Capital Management Inc. now owns 4,987,681 shares of the company’s stock worth $74,765,000 after acquiring an additional 48,710 shares during the period. River Road Asset Management LLC lifted its stake in Dole by 12.9% in the fourth quarter. River Road Asset Management LLC now owns 4,617,435 shares of the company’s stock worth $69,215,000 after acquiring an additional 525,801 shares during the period. Finally, American Century Companies Inc. lifted its stake in Dole by 13.6% in the third quarter. American Century Companies Inc. now owns 2,078,957 shares of the company’s stock worth $27,941,000 after acquiring an additional 248,703 shares during the period.
About Dole
Dole plc is a global producer, marketer and distributor of fresh fruits and vegetables. The company’s product range includes bananas, pineapples, berries, grapes, salads and a variety of other fresh and packaged produce, sold under the Dole brand and through private-label arrangements. Dole’s operations span the full fresh-produce value chain, from farming and sourcing to packing, ripening, cold‑chain logistics and wholesale and retail distribution, supporting both retail grocery and foodservice customers.
The company traces its commercial heritage to the early 20th century Hawaiian pineapple business founded by James Dole and has evolved through subsequent corporate restructurings and combinations.
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