Fresh Del Monte Produce's Ex-Dividend Date Is Wednesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Fresh Del Monte Produce (NYSE:FDP) announced a quarterly dividend of 25 cents per share, with the ex-dividend date set for Wednesday. Shareholders owning FDP by the end of Tuesday's session will be eligible for the dividend, to be paid on March 29, 2024. The stock is expected to open 25 cents lower on the ex-dividend date.
March 01, 2024 | 2:45 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Fresh Del Monte Produce announces a quarterly dividend of 25 cents per share, with an ex-dividend date this Wednesday. Eligible shareholders must own the stock by end of Tuesday, with payment on March 29, 2024.
The stock is expected to open 25 cents lower on the ex-dividend date as it adjusts for the dividend payout. This is a common occurrence on ex-dividend dates and typically results in a short-term price decrease. However, the impact is often temporary and reflects the dividend distribution rather than a change in the company's fundamentals.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100