Limoneira Company announced that its Board paused regular cash dividends on outstanding common stock to support strategic investments including transitioning agriculture lands to avocado production and developing new housing. The Company reiterated fiscal year 2026 guidance for fresh lemon volumes of 4.0-4.5 million cartons and avocado volumes of 5.0-6.0 million pounds.
Key takeaways
Board of Directors paused regular cash dividends on outstanding common stock on March 23, 2026
Pause supports capital investments in higher value avocado production and new housing
800 acres of non-bearing avocados estimated to become full bearing over next few years
Fiscal year 2026 fresh lemon volumes guidance: 4.0 million to 4.5 million cartons
Fiscal year 2026 avocado volumes guidance: 5.0 million to 6.0 million pounds
$10 million targeted selling, general and administrative savings in fiscal year 2026