Calavo Growers declared a quarterly cash dividend of $0.20 per share, payable on January 31, 2025.
Quiver AI Summary
Calavo Growers, Inc., a leading company in the processing and distribution of avocados, tomatoes, papayas, and guacamole, has announced a quarterly cash dividend of $0.20 per share for its common stock. This dividend will be paid on January 31, 2025, to shareholders on record as of January 10, 2025. Founded in 1924 and headquartered in Santa Paula, California, Calavo is recognized for its commitment to innovation and sustainability and serves a diverse range of customers globally, including retailers and food distributors.
Potential Positives
- The declaration of a quarterly cash dividend of $0.20 per share signals strong financial health and stability of Calavo Growers, Inc. for its shareholders.
- The dividend payment enhances shareholder value and provides a direct return on investment, which may attract new investors.
- The scheduled dividend payment date and record date provide clear communication to shareholders, reinforcing transparency in corporate governance.
Potential Negatives
- Declaration of a low dividend of $0.20 per share may indicate financial constraints or insufficient cash flow to offer a more competitive return to shareholders.
FAQ
What is the dividend declared by Calavo Growers, Inc.?
Calavo Growers, Inc. declared a quarterly cash dividend of $0.20 per share on its common stock.
When will the dividend payment be made?
The dividend payment will be made on January 31, 2025.
Who is eligible for the Calavo dividend?
Shareholders of record as of the close of business on January 10, 2025, are eligible for the dividend.
What products does Calavo Growers distribute?
Calavo Growers distributes avocados, tomatoes, papayas, and guacamole under various brands.
Where is Calavo Growers, Inc. headquartered?
Calavo Growers, Inc. is headquartered in Santa Paula, California.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
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Full Release
SANTA PAULA, Calif., Dec. 30, 2024 (GLOBE NEWSWIRE) --
Calavo Growers, Inc.
(Nasdaq-GS: CVGW),
a global leader in the processing and distribution of avocados, tomatoes, papayas, and guacamole, today announced that its Board of Directors declared a quarterly cash dividend on its common stock of $0.20 per share. The dividend is to be paid on January 31, 2025, to shareholders of record as of the close of business on January 10, 2025.
About Calavo Growers, Inc.
Calavo Growers, Inc. (Nasdaq: CVGW) is a global leader in the processing and distribution of avocados, tomatoes, papayas and guacamole. Calavo products are marketed under the trusted Calavo brand, proprietary sub-brands, and various private label and store brands. Founded in 1924, Calavo has a rich culture of innovation, sustainable practices and market growth. The company serves retail grocery, foodservice, club stores, mass merchandisers, food distributors and wholesalers worldwide. Calavo is headquartered in Santa Paula, California, with facilities throughout the U.S. and Mexico. Learn more about
The Family of Fresh™
at
calavo.com
.
Investor Contact
Julie Kegley, Senior Vice President
Financial Profiles, Inc.
calavo@finprofiles.com
310-622-8246
This article was originally published on Quiver News, read the full story.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
