Del Monte announces cash dividend

For fresh fruit and vegetable marketing and distribution in Asia
Carl Collen

BY CARL COLLEN

Del Monte announces cash dividend

Following a strong set of Q3 results, the board declares its interim cash dividend

Del Monte announces cash dividend

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Fresh Del Monte's board of directors have declared an interim cash dividend of twelve and a half cents (US$0.125) per share, payable on 4 December 2015, to shareholders of record on 10 November 2015.

The move follows a strong set of third quarter results which saw net sales rise to US$936.1m from US$884.6m, and net income climb from US$19.9m to US$28.5m.

Mohammad Abu-Ghazaleh, Chairman and Chief Executive Officer, said of the results: “Over the years, our team has done an exceptional job in transforming our Company for long-term growth and profitability by focusing on our fundamental strengths, and further leveraging our healthy and convenient product lines and geographic presence, allowing us to build a formidable strategic advantage for our Company as demonstrated by our third quarter achievements.”

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