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Limoneira Co to Issue Quarterly Dividend of $0.08 (NASDAQ:LMNR)

Limoneira logo with Consumer Staples background

Key Points

  • Limoneira Co announced a quarterly dividend of $0.08 per share, payable to shareholders on October 17th after a record date of October 6th, representing an annualized dividend yield of 2.0%.
  • The company has a payout ratio of 36.6%, indicating that the dividend is adequately covered by its earnings.
  • As of midday trading on the announcement day, Limoneira stock was up 0.3%, reaching a price of $14.98, with a market capitalization of approximately $270.39 million.
  • Five stocks to consider instead of Limoneira.

Limoneira Co (NASDAQ:LMNR - Get Free Report) announced a quarterly dividend on Wednesday, September 24th, RTT News reports. Shareholders of record on Monday, October 6th will be given a dividend of 0.075 per share on Friday, October 17th. This represents a c) annualized dividend and a dividend yield of 2.0%.

Limoneira has a payout ratio of 36.6% meaning its dividend is sufficiently covered by earnings.

Limoneira Stock Up 0.3%

Limoneira stock traded up $0.04 during midday trading on Wednesday, reaching $14.98. The company's stock had a trading volume of 78,917 shares, compared to its average volume of 58,419. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.80 and a quick ratio of 1.66. The stock has a market capitalization of $270.39 million, a P/E ratio of -27.24 and a beta of 0.44. The stock's 50-day simple moving average is $15.46 and its 200-day simple moving average is $15.99. Limoneira has a 52-week low of $14.40 and a 52-week high of $29.22.

Limoneira Company Profile

(Get Free Report)

Limoneira Company operates as an agribusiness and real estate development company in the United States and internationally. The company operates through three divisions: Agribusiness, Rental Operations, and Real Estate Development. It grows, processes, packs, markets, and sells lemons. The company also grows avocado, oranges, and specialty citrus and other crops, including Moro blood oranges, Cara Cara oranges, Valencia oranges, Minneola tangelos, Star Ruby grapefruit, pummelos, and wine grapes.

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Dividend History for Limoneira (NASDAQ:LMNR)

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