Limoneira's Board Suspends Cash Dividends To Support Capital Strategic Investments
Benzinga · 03/23 20:10
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Limoneira Company (the "Company" or "Limoneira") (Nasdaq: LMNR), a diversified lemon and avocado growing and lemon packing company with related agribusiness activities and real estate development operations, today announced that its Board of Directors paused its regular cash dividends on its outstanding common stock to support the Company's capital strategic investments including transitioning a portion of its agriculture lands to higher value avocado production and providing much needed new housing in one of the nation's most unaffordable markets – initiatives that are designed to maximize sustainable long-term stockholder returns.
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