Dole shareholders to sell nearly 12 million shares in secondary offering

NEW YORK - Dole plc (NYSE:DOLE) announced today that two of its shareholders will sell approximately 11.9 million ordinary shares in an underwritten secondary offering. The selling shareholders, Castle & Cooke Holdings, Inc. and The Murdock Group, LLC, will offer a total of 11,917,263 ordinary shares.

The fresh produce company itself is not selling any shares in the transaction and will not receive any proceeds from the offering, according to a press release statement. The company maintains a healthy financial position, with InvestingPro data showing liquid assets exceeding short-term obligations and a current dividend yield of 2.32%.

Goldman Sachs & Co. LLC is serving as the sole underwriter and book-running manager for the offering. The shares are being offered through an automatically effective shelf registration statement on Form F-3 filed with the Securities and Exchange Commission on September 3, 2025.

The selling shareholders will sell the ordinary shares to the underwriter at a price equal to the public offering price minus underwriting discounts and commissions, subject to certain adjustments. Dole’s ordinary shares are currently listed on the New York Stock Exchange under the ticker symbol "DOLE."

Dole plc operates as a global fresh produce company, producing and distributing fruits and vegetables in over 85 countries worldwide. The company markets an extensive variety of fresh produce sourced both locally and internationally. With a P/E ratio of 12.09 and profitable operations over the last twelve months, Dole demonstrates solid financial performance. For deeper insights into Dole’s financial health and growth potential, investors can access comprehensive analysis through InvestingPro’s detailed research reports.

A prospectus related to the offering will be filed with the SEC and will be available from Goldman Sachs & Co. LLC or through the SEC’s website.

In other recent news, Dole plc reported its Q2 2025 earnings, showcasing a performance that exceeded expectations. The company announced an earnings per share (EPS) of $0.55, which surpassed the forecasted $0.51, representing a 7.84% surprise. Additionally, Dole’s revenue reached $2.4 billion, exceeding the anticipated $2.16 billion, marking an 11.11% surprise. Despite these strong financial results, the company experienced a decline in its stock price during pre-market trading. In another development, Dole disclosed a secondary offering of nearly 12 million ordinary shares by existing shareholders, Castle & Cooke Holdings, Inc. and The Murdock Group, LLC. It is important to note that Dole will not receive any proceeds from this transaction, as the company itself is not selling shares. These updates highlight recent developments surrounding Dole plc.

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