Dole plc Declares $0.085 Quarterly Dividend, Maintains Payout
Dole plc, a global producer and distributor of fresh fruit and vegetables, declared a cash dividend of $0.085 per share for the fourth quarter of 2025. The dividend remains unchanged from the previous quarter.
Dole plc (NYSE: DOLE), a global producer and distributor of fresh fruit and vegetables, declared a cash dividend of $0.085 per share for the fourth quarter of 2025 on February 24, 2026. The dividend will be paid on April 8, 2026 to shareholders of record on March 18, 2026. Read more dividend announcements.
The dividend matches the $0.085 per share paid on January 3, 2026 for the third quarter of 2025, indicating no change in the company's quarterly distribution policy.
| Dividend Details | Information |
|---|---|
| Amount | $0.085 per share |
| Record Date | March 18, 2026 |
| Payment Date | April 8, 2026 |
| Declaration Date | February 24, 2026 |
Financial Position
Dole reported Net Debt of $606.5 million as of December 31, 2025, down from $637.1 million at the end of 2024. Net Leverage decreased to 1.5x from 1.6x over the same period.
Free cash flow from continuing operations was $1.7 million for the year ended December 31, 2025, compared to $180.3 million in 2024. The decline was driven by higher outflows from receivables due to revenue growth, increased advances to growers, lower trade receivable securitization, and elevated tax payments including cash tax on the sale of the Fresh Vegetables division.
Capital expenditures increased due to the buyout of two vessel finance leases and rehabilitation of farms in Honduras following Tropical Storm Sara, partially offset by insurance proceeds of $18.0 million.
Share Repurchase Activity
Following year-end, Dole repurchased 300,000 shares at an average price of $15.15 per share, totaling $4.5 million. The company has $95.5 million remaining under its share repurchase program.
Fiscal 2026 Outlook
Dole delivered Adjusted EBITDA of $395 million for 2025, ahead of its latest guidance. For fiscal year 2026, the company is targeting Adjusted EBITDA of at least $400 million.
The company forecasts routine capital expenditures of approximately $100 million for 2026, broadly in line with its annual depreciation charge. Assuming stable base rates, full-year interest expense is expected to be approximately $60 million.