Calavo Growers Doubles Cash Dividend From $0.10 To $0.20 Per Share
Portfolio Pulse from Benzinga Newsdesk
Calavo Growers has announced a 100% increase in its cash dividend, raising it from $0.10 to $0.20 per share. The dividend will be paid on October 30, 2024, to shareholders recorded by October 2, 2024.
September 09, 2024 | 8:16 pm
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POSITIVE IMPACT
Calavo Growers has increased its cash dividend from $0.10 to $0.20 per share, indicating a positive outlook and potential shareholder value increase.
The doubling of the dividend suggests that Calavo Growers is confident in its financial health and future cash flows. This move is likely to attract income-focused investors and could lead to a short-term increase in the stock price as the market reacts positively to the news.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100