Del Monte Dividend Speculation?

Del Monte Food (DLM) posted some very encouraging Q3 numbers. Investors took the stock up to around its 52 week high. The cash positions are very attractive. The question becomes will they increase the dividend as is becoming the fashion or will they pay down debts very quickly. They have a huge long term debt position and it would be nice to see that number knocked down.

They do have a stock buy back program in place but that seems so old school.

The company has not discussed what the program will be. They keep serving up rhetoric about investing their brands but there is room for more. The stock yields under 2% and they need something to break out over the 52 week range to make the market believe.