Dole PLC (NYSE:DOLE – Get Free Report) declared a quarterly dividend on Friday, August 7th. Stockholders of record on Wednesday, September 16th will be paid a dividend of 0.085 per share on Wednesday, October 7th. This represents a c) dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Wednesday, September 16th.
Dole has a payout ratio of 22.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Dole to earn $1.45 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 23.4%.
Dole Trading Up 0.3%
NYSE DOLE opened at $13.38 on Monday. The stock has a market capitalization of $1.26 billion, a P/E ratio of 21.57, a P/E/G ratio of 1.40 and a beta of 0.61. Dole has a 52-week low of $12.52 and a 52-week high of $16.57. The firm has a 50-day moving average price of $13.82 and a 200 day moving average price of $14.33. The company has a quick ratio of 0.98, a current ratio of 1.28 and a debt-to-equity ratio of 0.68.
Institutional Trading of Dole
A number of institutional investors have recently added to or reduced their stakes in DOLE. Pale Fire Capital SE increased its holdings in Dole by 0.6% in the first quarter. Pale Fire Capital SE now owns 9,427,476 shares of the company’s stock valued at $134,719,000 after buying an additional 54,700 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Dole by 15.2% during the 1st 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 in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Dole by 1.0% in the 4th 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 grew its holdings in shares of Dole by 12.9% in the 4th 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, Nuveen LLC increased its stake in Dole by 0.9% in the 4th quarter. Nuveen LLC now owns 1,643,034 shares of the company’s stock valued at $24,629,000 after purchasing an additional 15,418 shares in the last quarter.
Dole Company Profile
Dole plc (NYSE: DOLE) is a global producer, marketer and distributor of fresh fruits and vegetables. The company’s portfolio includes bananas, pineapples, grapes, berries, avocados, melons, salads, packaged vegetables and other fresh produce. It supplies retail, foodservice and wholesale customers through sourcing, farming, processing, distribution and marketing operations.
The company serves customers across North America, Europe, Latin America, Asia and other international markets. Its vertically integrated operations include agricultural production, procurement from independent growers, fresh-cut processing, cold storage, transportation and distribution.
Further Reading
- Five stocks we like better than Dole
- Smart Money Shifts: U.S. Bancorp Pairs Tech With Yield
- Why Bitcoin ETFs May Be Worth Another Look as Inflows Rebound
- 3 Small-Cap Biotechs With Binary Catalysts on the Calendar
- Planet Labs Has Fallen Back to Earth, But Wall Street Still Sees a Rebound
Receive News & Ratings for Dole Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dole and related companies with MarketBeat.com's FREE daily email newsletter.
