Limoneira Shares Rise to 16-Month High as Firm Lifts Dividend

Limoneira Co shares rose to their highest level since August 2015 on Friday after the agribusiness and real estate development company said it will pay a quarterly dividend of $0.055, up from $0.05 paid for the prior quarter, on Jan,. 17 to shareholders of record on Dec. 27.

The dividend represents an annualized amount of $0.22 per share, up 10% from the 2016 dividend of $0.20.
LMNR was up 2% at $19.75 recently, trading in a new 52-week range between $11.30 and $19.96.

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