Fresh Del Monte raises quarterly dividend to 30c, announces $150M share buyback

Fresh Del Monte (FDP) Produce announced that its Board of Directors has approved a $150M share repurchase program, reinforcing its balanced capital allocation strategy. Additionally, the Board has announced an increase in the quarterly dividend from 25c to 30c. The next quarterly dividend will be paid on March 28 to shareholders of record on March 10. The new plan has no time deadline and will continue until otherwise modified or terminated by the company’s Board at any time in its sole discretion