Limoneira Keeps Dividend Steady

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.

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