Fresh Del Monte Produce Stock To Go Ex-dividend Monday (FDP)

NEW YORK ( TheStreet) -- The ex-dividend date for Fresh Del Monte Produce (NYSE: FDP) is Monday, May 14, 2012. Owners of shares as of market close today will be eligible for a dividend of 10 cents per share. At a price of $24.54 as of 9:30 a.m. ET, the dividend yield is 1.6%.

The average volume for Fresh Del Monte Produce has been 298,600 shares per day over the past 30 days. Fresh Del Monte Produce has a market cap of $1.42 billion and is part of the consumer goods sector and food & beverage industry. Shares are down 1.8% year to date as of the close of trading on Thursday.

Fresh Del Monte Produce Inc. engages in producing, sourcing, transporting, and marketing fresh and fresh-cut produce worldwide. It also offers prepared fruit and vegetables, juices, beverages, snacks, poultry, and meat products. The company has a P/E ratio of 14.4, equal to the average food & beverage industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates Fresh Del Monte Produce as a buy. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, reasonable valuation levels and notable return on equity. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Fresh Del Monte Produce Ratings Report.

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