Limoneira (LMNR) Plans $0.06 Quarterly Dividend

Limoneira (NASDAQ:LMNR) declared a quarterly dividend on Thursday, June 28th, Wall Street Journal reports. Investors of record on Monday, July 9th will be given a dividend of 0.0625 per share on Wednesday, July 18th. This represents a $0.25 annualized dividend and a yield of 1.01%. The ex-dividend date of this dividend is Friday, July 6th.

Limoneira stock traded up $0.54 during mid-day trading on Thursday, hitting $24.76. The stock had a trading volume of 108,612 shares, compared to its average volume of 39,108. The stock has a market cap of $446.86 million, a price-to-earnings ratio of 58.86 and a beta of 0.81. Limoneira has a 12 month low of $19.62 and a 12 month high of $26.80. The company has a quick ratio of 0.90, a current ratio of 0.98 and a debt-to-equity ratio of 0.69.

Limoneira (NASDAQ:LMNR) last posted its quarterly earnings results on Monday, June 11th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.42 by $0.02. The business had revenue of $43.14 million for the quarter, compared to analysts’ expectations of $41.70 million. Limoneira had a return on equity of 7.15% and a net margin of 15.53%. sell-side analysts expect that Limoneira will post 0.69 EPS for the current year.

Several equities analysts recently issued reports on the company. Zacks Investment Research cut Limoneira from a “buy” rating to a “hold” rating in a report on Tuesday, May 15th. Stifel Nicolaus initiated coverage on Limoneira in a report on Thursday. They set a “buy” rating and a $30.00 target price on the stock. BidaskClub upgraded Limoneira from a “buy” rating to a “strong-buy” rating in a report on Friday, June 22nd. Stephens initiated coverage on Limoneira in a report on Monday. They set an “overweight” rating and a $30.00 target price on the stock. Finally, Buckingham Research raised their target price on Limoneira from $28.00 to $30.00 and gave the stock a “buy” rating in a report on Tuesday, June 12th. Two analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $29.00.

About Limoneira

Limoneira Company operates as an agribusiness and real estate development company in the United States and internationally. The company operates through six segments: Fresh Lemons, Lemon Packing, Avocados, Other Agribusiness, Rental Operations, and Real Estate Development. The Fresh Lemons segment markets and sells lemons directly to food service, wholesale, and retail customers.

Dividend History for Limoneira (NASDAQ:LMNR)

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