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Fresh Del Monte Produce's Board of Directors Votes to Increase Quarterly Dividend

CORAL GABLES, Fla.--(BUSINESS WIRE)--Aug. 3, 2016-- Fresh Del Monte Produce Inc. (NYSE: FDP) today announced that, as a result of its continued strong operating cash flow and solid performance, its board of directors has voted to raise the Company's regular quarterly cash dividend from twelve and a half cents ($0.125) per share to fifteen cents ($0.15) per share, beginning with the regular quarterly cash dividend that will be payable on September 9, 2016 to shareholders of record on August 17, 2016.

About Fresh Del Monte Produce Inc.

Fresh Del Monte Produce Inc. is one of the world's leading vertically integrated producers, marketers and distributors of high-quality fresh and fresh-cut fruit and vegetables, as well as a leading producer and distributor of prepared food in Europe, Africa, the Middle East and the countries formerly part of the Soviet Union. Fresh Del Monte markets its products worldwide under the Del Monte® brand, a symbol of product innovation, quality, freshness and reliability for more than 100 years.

Forward-looking Information

This press release contains certain forward-looking statements regarding the intents, beliefs or current expectations of the Company or its officers with respect to various matters. These forward-looking statements are based on information currently available to the Company and the Company assumes no obligation to update these statements. It is important to note that these forward-looking statements are not guarantees of future performance and involve risks and uncertainties. The Company's actual results may differ materially from those in the forward-looking statements as a result of various important factors, including those described under the caption “Key Information - Risk Factors” in Fresh Del Monte Produce Inc.'s Annual Report on Form 10-K for the year ended January 1, 2016, along with other reports that the Company has on file with the Securities and Exchange Commission.

Note to the Editor: This release and other press releases are available on the Company's web site, www.freshdelmonte.com.

Source: Fresh Del Monte Produce Inc.

Fresh Del Monte Produce Inc.
Christine Cannella, 305-520-8433
Assistant Vice President, Investor Relations