Limoneira (LMNR) Increases Dividend to $0.06 Per Share

Limoneira (NASDAQ:LMNR) declared a quarterly dividend on Tuesday, December 19th, NASDAQ reports. Investors of record on Tuesday, January 2nd will be paid a dividend of 0.063 per share on Wednesday, January 17th. This represents a $0.25 annualized dividend and a yield of 1.10%. The ex-dividend date is Friday, December 29th. This is a positive change from Limoneira’s previous quarterly dividend of $0.05.

Limoneira (LMNR) opened at $22.86 on Friday. Limoneira has a 1 year low of $16.39 and a 1 year high of $26.06. The stock has a market capitalization of $327.71, a PE ratio of 38.75 and a beta of 1.06. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.61 and a current ratio of 0.74.

LMNR has been the topic of a number of recent research reports. BidaskClub upgraded Limoneira from a “sell” rating to a “hold” rating in a research note on Friday, December 15th. Zacks Investment Research downgraded Limoneira from a “hold” rating to a “sell” rating in a research note on Saturday. Finally, Roth Capital set a $28.00 target price on Limoneira and gave the stock a “buy” rating in a research note on Friday, December 8th.

In related news, insider Harold S. Edwards sold 6,652 shares of the stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $23.00, for a total value of $152,996.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ronald L. Michaelis sold 1,500 shares of the stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $23.58, for a total value of $35,370.00. Following the completion of the sale, the director now directly owns 9,686 shares of the company’s stock, valued at approximately $228,395.88. The disclosure for this sale can be found here. Insiders have sold 8,155 shares of company stock worth $188,437 in the last quarter. 5.70% of the stock is currently owned by company insiders.

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Limoneira Company Profile

Limoneira Company is engaged in agribusiness and real estate development. The Company’s operations consist of fruit production, sales and marketing, rental operations, real estate development and capital investment activities. The Company’s segments include lemon operations, other agribusiness, rental operations and real estate development.

Dividend History for Limoneira (NASDAQ:LMNR)

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