Agreement Reached for the Export of Peruvian Blueberries to the Bolivian Market
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Del Monte Announces US$150 Million Share Repurchase Program
Fresh Del Monte Produce announced a new US$150 million share repurchase program, alongside a quarterly dividend increase from US$0.25 to US$0.30 per share. This initiative reflects the company's commitment to a balanced capital allocation strategy that focuses on strategic growth investments and shareholder returns. According to Mohammad Abu-Ghazaleh, Chairman and CEO, the repurchase program allows for flexibility in capital deployment, considering factors like market conditions and cash flow. The program has no set expiration date and may be adjusted by the board as needed.
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