Calavo Growers, Inc. (CVGW) to Issue Quarterly Dividend of $0.20 on April 29th

Calavo Growers, Inc. (NASDAQ:CVGW) announced a quarterly dividend on Friday, March 6th. Investors of record on Friday, April 24th will be given a dividend of 0.20 per share on Wednesday, April 29th. This represents a c) annualized dividend and a dividend yield of 2.9%. The ex-dividend date is Friday, April 24th.

Calavo Growers has decreased its dividend by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 1 years. Calavo Growers has a payout ratio of 37.4% meaning its dividend is sufficiently covered by earnings.

Calavo Growers Price Performance

CVGW opened at $27.37 on Wednesday. The company’s 50 day simple moving average is $26.16 and its 200 day simple moving average is $23.90. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.66 and a current ratio of 2.21. Calavo Growers has a 1 year low of $18.40 and a 1 year high of $28.72. The stock has a market capitalization of $489.10 million, a PE ratio of 30.75 and a beta of 0.38.

Calavo Growers (NASDAQ:CVGW) last released its earnings results on Thursday, March 12th. The company reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.05. Calavo Growers had a net margin of 2.61% and a return on equity of 12.81%. The business had revenue of $122.20 million for the quarter, compared to analysts’ expectations of $138.45 million.

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.