Calavo Growers, Inc. (CVGW) To Go Ex-Dividend on April 24th

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%annually over the last three years and has raised its dividend every year for the last 1 years. Calavo Growers has a payout ratio of 37.4% indicating that its dividend is sufficiently covered by earnings.

Calavo Growers Stock Up 1.4%

Shares of Calavo Growers stock opened at $27.75 on Wednesday. Calavo Growers has a 1 year low of $18.40 and a 1 year high of $28.72. The stock has a market cap of $495.96 million, a price-to-earnings ratio of 31.18 and a beta of 0.38. The company has a debt-to-equity ratio of 0.02, a current ratio of 2.21 and a quick ratio of 1.66. The firm’s 50-day moving average is $26.16 and its two-hundred day moving average is $23.90.

Calavo Growers (NASDAQ:CVGW) last posted its quarterly earnings results on Thursday, March 12th. The company reported $0.27 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 company had revenue of $122.20 million during the quarter, compared to analysts’ expectations of $138.45 million.

About Calavo Growers

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.