Limoneira Declares Quarterly Dividend

Rhea-AI Summary

On December 20, 2022, Limoneira Company (NASDAQ: LMNR) declared a quarterly cash dividend of $0.075 per common share. This dividend will be payable on January 13, 2023, to stockholders of record as of January 3, 2023. Limoneira is a leading agribusiness with a 129-year history, specializing in citrus production and boasting 15,400 acres of agricultural land across California, Arizona, Chile, and Argentina.

Positive

• Quarterly cash dividend of $0.075 per share signifies company confidence in financial health.
• Stable dividend payment schedule enhances investor trust and attracts income-focused shareholders.

Negative

• None.

SANTA PAULA, Calif.--(BUSINESS WIRE)-- On December 20, 2022, the Board of Directors of Limoneira Company (Nasdaq: LMNR), a diversified citrus growing, packing, selling and marketing company with related agribusiness activities and real estate development operations, declared a quarterly cash dividend of $0.075 per common share payable on January 13, 2023, to stockholders of record on January 3, 2023.

About Limoneira Company

Limoneira Company, a 129-year-old international agribusiness headquartered in Santa Paula, California, has grown to become one of the premier integrated agribusinesses in the world. Limoneira (lē moñ âra) is a dedicated sustainability company with 15,400 acres of rich agricultural lands, real estate properties, and water rights in California, Arizona, Chile and Argentina. The Company is a leading producer of lemons, avocados, oranges, specialty citrus and other crops that are enjoyed throughout the world. For more about Limoneira Company, visit www.limoneira.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20221221005136/en/

Investor:

John Mills

Managing Partner

ICR 646-277-1254

Source: Limoneira Company

FAQ

What is the dividend amount declared by Limoneira Company?

Limoneira Company declared a dividend of $0.075 per common share.

When will the dividend be paid to shareholders of Limoneira Company?

The dividend will be paid on January 13, 2023.

What is the record date for Limoneira Company's dividend?

The record date for the dividend is January 3, 2023.

How often does Limoneira Company pay dividends?

Limoneira Company pays dividends on a quarterly basis.

Is the dividend from Limoneira Company sustainable?

The sustainability of the dividend can depend on the company's ongoing financial performance and market conditions.