Limoneira (NASDAQ:LMNR) is maintaining its dividend. The company this week declared a distribution of $0.03750 per share, to be handed out July 16 to shareholders of record as of July 8.

That amount matches each of the firm's previous three distributions. Prior to that, Limoneira paid $0.0313 per share. Although the company is relatively new to paying dividends, having launched its payouts in April 2010, it has been steady and consistent in making distributions since then.

The just-declared dividend annualizes to $0.15 per share. That yields 0.7% at Limoneira's most recent closing stock price of $20.49.

link

Fool contributor Eric Volkman has no position in Limoneira. Nor does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.