Calavo Growers, Inc. (NASDAQ:CVGW) Plans $0.20 Quarterly Dividend

Calavo Growers, Inc. (NASDAQ:CVGW) declared a quarterly dividend on Wednesday, December 31st. Shareholders of record on Tuesday, January 13th will be paid a dividend of 0.20 per share on Friday, January 30th. This represents a c) dividend on an annualized basis and a dividend yield of 3.7%. The ex-dividend date of this dividend is Tuesday, January 13th.

Calavo Growers has decreased its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 1 years. Calavo Growers has a dividend payout ratio of 37.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Calavo Growers to earn $2.32 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 34.5%.

Calavo Growers Trading Up 2.7%

CVGW stock opened at $21.75 on Friday. Calavo Growers has a 52-week low of $18.40 and a 52-week high of $28.72. The company has a quick ratio of 1.86, a current ratio of 2.30 and a debt-to-equity ratio of 0.02. The firm has a market cap of $388.24 million, a P/E ratio of 24.72 and a beta of 0.37. The company’s 50-day simple moving average is $21.25 and its 200-day simple moving average is $24.75.

Calavo Growers Company Profile

Calavo Growers, Inc (NASDAQ:CVGW), founded in 1924 and headquartered in Santa Paula, California, is a global supplier and distributor of fresh avocados and perishable foods. The company partners with growers in key producing regions to source, ripen and package whole avocados for retail, wholesale and foodservice customers. Calavo’s commitment to quality and food safety underpins its position as a trusted link between growers and end-markets.

The company operates two segments: Fresh and Calavo Foods.