Calavo Growers, Inc. (CVGW) To Go Ex-Dividend on January 10th

Calavo Growers, Inc. (NASDAQ:CVGW) declared a quarterly dividend on Thursday, December 19th,Wall Street Journal reports. Shareholders of record on Friday, January 10th will be paid a dividend of 0.20 per share on Friday, January 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.36%. The ex-dividend date of this dividend is Friday, January 10th.

Calavo Growers has decreased its dividend payment by an average of 24.2% annually over the last three years. Calavo Growers has a dividend payout ratio of 34.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Calavo Growers to earn $1.87 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 42.8%.

Calavo Growers Stock Performance

Calavo Growers stock opened at $23.78 on Wednesday. The firm has a market capitalization of $423.26 million, a PE ratio of -47.56 and a beta of 0.59. The stock’s 50 day moving average price is $26.66 and its 200 day moving average price is $25.65. Calavo Growers has a one year low of $20.30 and a one year high of $31.26. The company has a debt-to-equity ratio of 0.18, a quick ratio of 1.77 and a current ratio of 2.04.

Calavo Growers Company Profile

Calavo Growers, Inc markets and distributes avocados, prepared avocados, and other perishable foods to retail grocery and foodservice customers, club stores, mass merchandisers, food distributors, and wholesale customers worldwide. It operates through Grown and Prepared segments. The Grown segment distributes tomatoes and papayas; and procures avocados grown in California, Mexico, Peru, and Colombia.