Calavo Growers, Inc. announced on December 30, 2024, that its Board of Directors declared a quarterly cash dividend of $0.20 per share on its common stock. This dividend is scheduled for payment on January 31, 2025, to shareholders of record as of the close of business on January 10, 2025.
The declaration follows the company's strategic decision to divest its Fresh Cut business, which was finalized in August 2024. Management had previously indicated that the proceeds from this sale would strengthen the balance sheet and support a higher dividend for investors.
This dividend declaration reflects Calavo's commitment to returning value to shareholders and maintaining market-aligned payout metrics. The company's robust liquidity position, with $57.0 million in cash and cash equivalents as of October 31, 2024, supports this financial commitment.
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