Fresh Del Monte Produce — This Cheap Stock Just Raised Its Dividend By 25%

A cheap, recognizable stock that’s drastically raised its dividend.

That’s the subject of today’s article.

Fresh Del Monte Produce ($FDP) recently raised its dividend by 25%. And, at a time when shares of this business are trading near their 52-week low.

This article takes a look at Fresh Del Monte’s business model and whether or not the company is an attractive investment.

What Does Fresh Del Monte Produce Do?

Fresh Del Monte is a vertically integrated food producer that’s been in business since 1892.

The company operates over 90,000 acres of farmland where they grow fruits and vegetables. And, Fresh Del Monte owns a fleet of 10 transport ships as well as a network of 40 distribution centers that allows the business to sell its products in more than 80 different countries.

If you buy pineapples or bananas, there’s a good chance they’re Fresh Del Monte brand.

Fresh Del Monte Produce Analysis

Food producers are essential businesses, but they aren’t always great investments.