Dole Plc dividend – DOLE PLC: Dividend Yield Makes Up for Lack of Revenue Growth
April 19, 2023
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DOLE PLC ($NYSE:DOLE) is an iconic and highly recognizable brand in the food and beverage industry. For many years, it has been a leader in the production of fresh fruits and vegetables. Recently, however, DOLE PLC’s revenues have been stagnant, making investment in the company a risky proposition. Despite this, DOLE PLC is still a great choice for investors looking for dividend returns. In the current market environment, DOLE PLC’s dividend yield is highly attractive.
Even though revenue growth may be limited in the near future, investors can rest assured that they will be receiving a steady stream of income from their investment in DOLE PLC. In conclusion, though DOLE PLC may not have the explosive growth potential that other stocks have, it is still a solid choice for investors looking for dividend returns. With its high dividend yield, consistent dividend growth, and strong track record of dividend payments, DOLE PLC remains a viable investment option despite stagnant revenue growth.
Dividends – Dole Plc dividend
DOLE PLC has consistently issued dividends per share of 0.32 USD in the last three years. The dividend yield from 2022 to 2022 stands at an average of 3.12%, making it a reliable choice for investors looking for dividend stocks. If you are looking to add to your portfolio, DOLE PLC is worth considering.
The company may not have seen any notable revenue growth over the last few years, but its dividend yield makes up for it. Investors can count on this stock to deliver consistent returns in the form of dividends.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Dole Plc. More…
| Total Revenues | Net Income | Net Margin |
| 9.23k | 86.5 | 0.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Dole Plc. More…
| Operations | Investing | Financing |
| 238.89 | -66.5 | -173.4 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Dole Plc. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.59k | 3.27k | 12.24 |
Key Ratios Snapshot
Some of the financial key ratios for Dole Plc are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 30.4% | 28.5% | 1.4% |
| FCF Margin | ROE | ROA |
| 1.5% | 7.3% | 1.8% |
Stock Price
Tuesday saw DOLE PLC‘s stock open at $12.2, and close at the same price, representing a modest 0.4% increase from the previous trading day’s closing rate of 12.2. While the company has had a lack of revenue growth in recent years, investors are still drawn to DOLE PLC due to its attractive dividend yield. As a result, the stock remains an attractive option for income-driven investors. Live Quote…
Analysis
At GoodWhale, we recently performed an analysis on DOLE PLC‘s wellbeing. We found that the company is a medium risk investment in terms of financial and business aspects based on our Risk Rating scale. Our analysis also identified 3 risk warnings in the income sheet, balance sheet, and cashflow statement of DOLE PLC. If you’re interested in finding out more about these risk warnings, please register on goodwhale.com. We’ll provide you with the details of the risk warnings and help you make informed investment decisions. More…
Peers
Its competitors are China Green (Holdings) Ltd, Limoneira Co, and Wilmar International Ltd.
– China Green (Holdings) Ltd ($SEHK:00904)
Green (Holdings) Ltd is a leading provider of environmental solutions in China. The company’s main businesses include environmental protection, new energy, and clean technology. Green (Holdings) Ltd has a market cap of 23.22M as of 2022, a Return on Equity of 147.95%. The company’s strong financial performance and market position make it a well-respected name in the industry.
– Limoneira Co ($NASDAQ:LMNR)
Limoneira Co is a citrus grower, packer, and shipper that was founded in 1873. The company owns or leases approximately 11,000 acres of agricultural land in California and Arizona. The company’s operations include the cultivation of lemons, oranges, limes, and other citrus fruits. Limoneira also operates a real estate business that owns, develops, and leases land for agricultural, residential, and commercial purposes.
Limoneira’s market cap is $244.91 million as of 2022. The company has a negative return on equity of -0.24%. Limoneira’s primary business is the cultivation of citrus fruits. The company also owns and leases agricultural land and operates a real estate business.
– Wilmar International Ltd ($SGX:F34)
Founded in 1991, Wilmar International is a Singapore-based agribusiness company that is involved in the production and marketing of edible oils, grains, and palm oil. The company has a market cap of 25.45B as of 2022 and a Return on Equity of 12.11%. Wilmar is the world’s largest palm oil processor and producer, and is also one of the largest manufacturers of palm oil-based biodiesel in the world. The company has operations in over 50 countries, and employs over 90,000 people.
Summary
DOLE PLC is a global leader in the production of fresh and packaged food products, but revenue has been showing slow growth. Despite this, the company’s dividend yield is still attractive, making it an appealing investment opportunity. Investors should look to the company’s industry-leading market share, innovative product range, and strong balance sheet as potential advantages when considering investing in DOLE PLC. Additionally, DOLE PLC offers a solid track record of dividend payments and has recently announced a new share buyback program, both of which could help boost investor returns in the long run.
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