Fresh Del Monte Declares $0.30 Quarterly Dividend
Fresh Del Monte Produce Inc (NYSE: FDP), a global producer and distributor of fresh fruits and vegetables, declared a quarterly cash dividend of $0.30 per share on February 17, 2026. The dividend is payable March 27 to shareholders of record as of March 4.
Fresh Del Monte Produce Inc (NYSE: FDP), a global producer and distributor of fresh fruits and vegetables, declared a quarterly cash dividend of $0.30 per share on February 17, 2026. The dividend is payable March 27 to shareholders of record as of March 4. Read more dividend announcements.
| Dividend Details | |
|---|---|
| Amount | $0.30 per share |
| Record Date | March 4, 2026 |
| Payment Date | March 27, 2026 |
| Type | Quarterly Cash |
Full-Year 2025 Financial Performance
Fresh Del Monte reported net income of $93.5 million for fiscal year 2025, down from $141.6 million in the prior year. Net sales increased to $4.32 billion from $4.28 billion in 2024.
Gross profit for the year rose to $399.1 million from $357.9 million, driven by improved performance across multiple product lines. Operating income declined to $137.4 million from $196.3 million, primarily due to $59.3 million in asset impairment and other charges compared to $4.2 million in the prior year.
The company generated $245.1 million in operating cash flow for fiscal 2025, up from the prior-year period. The increase reflected net earnings and changes in non-cash items, including higher asset impairment charges and a lower gain on disposal of property, plant and equipment.
Share Repurchase Activity
During the fourth quarter of 2025, Fresh Del Monte repurchased 410,409 shares of common stock for $15.0 million at an average price of $36.56 per share. As of December 26, 2025, $120.2 million remained available under the current share repurchase authorization.
Long-term debt stood at $173.0 million at the end of fiscal 2025.
Business Segment Performance
The Other Products and Services segment reported net sales of $210.0 million for full fiscal year 2025. The increase was primarily driven by higher net sales in the company's third-party ocean freight services business, reflecting increased volume and a more favorable cargo mix, along with higher net sales in the specialty ingredients business following the acquisition of a Ugandan avocado oil producer in 2025.
Gross profit for the segment reached $28.7 million, though gross margin declined to 13.7% from the prior year.