Prediction: This Under-the-Radar Dividend Stock Is Going to Skyrocket After Aug. 4
This stock has a 4.24% yield and projected 82% upside.
Overview
Del Monte Corporation (NYSE: DMC) recently got a new name and a new ticker, but thatʻs not all thatʻs new. The produce distributor has a new focus that should propel the stock higher when earnings come out on Aug. 4.
Over the past year, Del Monte has restructured and reorganized, buying the assets of the former Del Monte Foods, which went bankrupt in 2025. Del Monte Foods and Fresh Del Monte Produce, former ticker FDP, had been separate companies for the past 37 years, but this acquisition brought them back together. The reunion prompted the company to change its name back to Del Monte Corporation.
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Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.