Dole PLC (DOLE) To Go Ex-Dividend on December 9th

Dole PLC (NYSE:DOLE) announced a quarterly dividend on Friday, November 7th. Stockholders of record on Tuesday, December 9th will be paid a dividend of 0.085 per share on Tuesday, January 6th. This represents a c) annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Tuesday, December 9th.

Dole has a dividend payout ratio of 22.7% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Dole to earn $1.38 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 24.6%.

Dole Stock Up 0.7%

Shares of NYSE:DOLE opened at $14.89 on Friday. The company has a quick ratio of 0.90, a current ratio of 1.21 and a debt-to-equity ratio of 0.60. The business’s 50 day moving average is $13.50 and its 200 day moving average is $13.83. The stock has a market cap of $1.42 billion, a P/E ratio of 99.26, a price-to-earnings-growth ratio of 2.82 and a beta of 0.64. Dole has a 52-week low of $12.20 and a 52-week high of $15.36.

Dole (NYSE:DOLE) last issued its quarterly earnings data on Monday, November 10th. The company reported $0.16 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.01). The business had revenue of $2.28 billion for the quarter, compared to analysts’ expectations of $2.25 billion. Dole had a net margin of 0.17% and a return on equity of 7.98%. The business’s quarterly revenue was up 10.5% compared to the same quarter last year. During the same period in the previous year, the business earned $0.19 earnings per share. Sell-side analysts predict that Dole will post 1.19 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have commented on DOLE. Weiss Ratings reissued a “hold (c-)” rating on shares of Dole in a research report on Monday, December 1st. Wall Street Zen downgraded Dole from a “buy” rating to a “hold” rating in a research report on Saturday, November 15th. Finally, Stephens assumed coverage on Dole in a research note on Friday, September 12th. They issued an “equal weight” rating and a $16.00 target price for the company. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $16.00.

About Dole

Dole Food Company, Inc (Dole) is a producer, marketer and distributor of fresh fruit and fresh vegetables. The Company is a producer of bananas and pineapples, and packaged fruit products, packaged salads and fresh-packed vegetables. The Company has three business segments: fresh fruit, fresh vegetables and packaged foods.