Calavo Growers increases quarterly dividend to 20c per share

The board of directors increased the cash dividend by 10c per share to 20c per share to be paid on October 30 to shareholders of record on October 2. The company said, “Our momentum has carried into the fourth quarter, and we look forward to delivering solid financial results for the fourth quarter and fiscal year. We intend to deploy the cash that we generated from the sale of our Fresh Cut business by investing in our core avocado and guacamole businesses and by returning cash to shareholders over time. Given the renewed focus on our core operations, improvements in our financial performance, and our confidence in our operational execution going forward, I am pleased to share that we have doubled the quarterly dividend to $0.20 per share.”