Calavo Growers, Inc. Declares Annual Dividend of $1.15 Per Share

Rhea-AI Summary

Calavo Growers, Inc. (CVGW) announced an annual cash dividend of $1.15 per share, to be paid on December 3, 2021. Shareholders on record as of November 12, 2021 will receive this dividend. This marks the continuation of a tradition since Calavo went public in 2002. Interim CEO Steven Hollister expressed confidence in the company's future execution capabilities, highlighting the board's approval of this dividend as a sign of strength.

Positive

• Annual cash dividend of $1.15 per share indicates financial stability.
• Continued dividend payments since going public in 2002 showcase reliable shareholder income.

Negative

• None.

SANTA PAULA, Calif., Oct. 29, 2021 (GLOBE NEWSWIRE) -- Calavo Growers, Inc. (“Calavo”) (“Company”) (Nasdaq-GS: CVGW), a global avocado-industry leader and provider of value-added fresh food, today announced that its board of directors has declared an annual cash dividend on its common stock of $1.15 per share. The dividend will be paid on December 3, 2021, to Calavo Growers’ shareholders of record as of the close of business on November 12, 2021.

“Calavo has paid an annual cash dividend every year since the company became public in 2002, and we are pleased to continue this tradition,” said Steven Hollister, Interim Chief Executive Officer of Calavo. "This dividend indicates the confidence our board of directors has in the Company and the team’s ability to execute going forward.”

About Calavo Growers, Inc.

Calavo Growers, Inc. is a global avocado-industry leader and provider of value-added fresh food serving retail grocery, foodservice, club stores, mass merchandisers, food distributors and wholesalers worldwide. The Company’s Fresh segment procures and markets fresh avocados and select other fresh produce, including tomatoes and papayas. The Renaissance Food Group (RFG) segment creates, markets and distributes a portfolio of healthy fresh foods, including fresh-cut fruit, fresh-cut vegetables and prepared foods. The Foods segment manufactures and distributes guacamole and salsa. Founded in 1924, Calavo’s fresh food products are sold under the respected Calavo brand name as well as Garden Highway, Chef Essentials and several private label and store brands.

Contact: Financial Profiles, Inc.
Julie Kegley, Senior Vice President
(310) 622-8246
calavo@finprofiles.com

FAQ

What is the dividend amount for CVGW in 2021?

Calavo Growers has declared a dividend of $1.15 per share for 2021.

When will the CVGW dividend be paid?

The dividend will be paid on December 3, 2021.

Who is eligible to receive the CVGW dividend?

Shareholders of record as of the close of business on November 12, 2021, are eligible.

How long has CVGW been paying dividends?

Calavo Growers has paid annual dividends since it became public in 2002.