Calavo Growers: Dividend Insights
Portfolio Pulse from Benzinga Insights
Calavo Growers (NASDAQ:CVGW) announced a quarterly dividend of 10 cents per share, with Wednesday being the last day for investors to be eligible for the dividend. The stock will go ex-dividend on Thursday, indicating an expected opening price reduction by the dividend amount. The dividend is scheduled to be paid on January 31, 2024.
January 22, 2024 | 2:45 pm
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Calavo Growers declared a quarterly dividend of $0.10/share, with the ex-dividend date set for Thursday. The stock price is expected to open lower by the dividend amount on that day.
The stock price is likely to drop in the short term by the amount of the dividend as it goes ex-dividend, which is a common occurrence. The importance is moderate as dividends are a regular part of the stock's investment appeal, and the confidence is high due to the predictable nature of ex-dividend price adjustments.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100