Calavo Growers, Inc. (NASDAQ:CVGW) announced an annual dividend on Thursday, October 5th, Wall Street Journal reports. Shareholders of record on Friday, November 17th will be given a dividend of 0.95 per share on Friday, December 8th. This represents a yield of 1.29%. The ex-dividend date is Thursday, November 16th. This is a boost from Calavo Growers’s previous annual dividend of $0.90.

Shares of Calavo Growers (NASDAQ CVGW) traded down 0.54% during trading on Thursday, hitting $73.85. The stock had a trading volume of 110,225 shares. The firm has a market cap of $1.29 billion, a price-to-earnings ratio of 35.68 and a beta of 0.70. Calavo Growers has a 52-week low of $48.75 and a 52-week high of $76.85. The firm’s 50-day moving average is $70.40 and its 200 day moving average is $68.48.

Calavo Growers (NASDAQ:CVGW) last announced its quarterly earnings results on Wednesday, September 6th. The company reported $0.50 EPS for the quarter, meeting the consensus estimate of $0.50. Calavo Growers had a net margin of 3.46% and a return on equity of 16.07%. The company had revenue of $301.65 million for the quarter, compared to analyst estimates of $278.66 million. During the same quarter last year, the business earned $0.73 earnings per share. Calavo Growers’s revenue was up 14.6% compared to the same quarter last year. On average, analysts expect that Calavo Growers will post $2.06 EPS for the current year.

A number of analysts recently weighed in on CVGW shares. BidaskClub raised shares of Calavo Growers from a “hold” rating to a “buy” rating in a research note on Friday, June 9th. Zacks Investment Research raised shares of Calavo Growers from a “sell” rating to a “hold” rating in a research note on Tuesday, August 29th. Buckingham Research decreased their price objective on shares of Calavo Growers from $83.00 to $82.00 and set a “buy” rating for the company in a research note on Friday, August 18th. Finally, Stephens reaffirmed an “overweight” rating and issued a $85.00 price objective (up previously from $75.00) on shares of Calavo Growers in a research note on Friday, June 9th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $79.40.

ILLEGAL ACTIVITY WARNING: “Calavo Growers, Inc. (CVGW) Announces Dividend Increase – $0.95 Per Share” was published by American Banking News and is the sole property of of American Banking News. If you are accessing this story on another domain, it was illegally stolen and republished in violation of US and international copyright & trademark law. The original version of this story can be accessed at

Calavo Growers Company Profile

Calavo Growers, Inc operates in the avocado industry. The Company provides value-added fresh food. The Company distributes its products both domestically and internationally and internationally. It operates in three business segments: Fresh products, Calavo Foods and Renaissance Food Group, LLC (RFG).

Dividend History for Calavo Growers (NASDAQ:CVGW)

Receive News & Ratings for Calavo Growers Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Calavo Growers Inc. and related companies with's FREE daily email newsletter.