UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM
CURRENT REPORT PURSUANT
TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
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Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
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If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Item 7.01 Regulation FD Disclosure.
Calavo Growers, Inc. is hereby furnishing the following information under Regulation FD.
On October 26, 2020, Calavo Growers, Inc. issued a press release, a copy of which is attached hereto as Exhibit 99.1 and incorporated by reference herein, announcing that its board of directors has declared an annual dividend of $1.15 per share of common stock, payable December 4, 2020, to shareholders of record on November 13, 2020.
Item 9.01. Financial Statements and Exhibits.
(d) | Exhibits | |
99.1 104 | Press release dated October 26, 2020 of the Registrant. Cover Page Interactive Data File (embedded with the Inline XBRL document) | |
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
Calavo Growers, Inc. | ||
October 26, 2020 | ||
By: | /s/ James Gibson | |
James Gibson | ||
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Exhibit 99.1
Calavo Growers, Inc. Increases Annual Dividend to $1.15 Per Share,
or 4.5% over Prior Year
SANTA PAULA, Calif. October 26, 2020—Calavo Growers, Inc. (“Calavo”) (“Company”) (Nasdaq-GS: CVGW), a global avocado-industry leader and provider of value-added fresh food, today announced that its board of directors has declared an annual cash dividend on its common stock of $1.15 per share. The dividend will be paid on December 4, 2020 to Calavo Growers’ shareholders of record as of the close of business on November 13, 2020.
“We are pleased to announce our ninth consecutive annual dividend increase,” said James E. Gibson, Chief Executive Officer of Calavo. "The 4.5% increase reflects our board’s confidence in the long-term growth prospects of the business despite a challenging year as a result of COVID-19.”
Calavo has paid an annual cash dividend every year since the company began trading publicly in 2002, over which time the dividend has increased 475 percent.
About Calavo Growers, Inc.
Calavo Growers, Inc. is a global avocado-industry leader and provider of value-added fresh food serving retail grocery, foodservice, club stores, mass merchandisers, food distributors and wholesalers worldwide. The Company’s Fresh segment procures and markets fresh avocados and select other fresh produce, including tomatoes and papayas. The Renaissance Food Group (RFG) segment creates, markets and distributes a portfolio of healthy, fresh foods, including fresh-cut fruit, fresh-cut vegetables and prepared foods. The Foods segment manufactures and distributes guacamole and salsa. Founded in 1924, Calavo’s fresh food products are sold under the respected Calavo brand name as well as Garden Highway, Chef Essentials and several private label and store brands.
Contact: Financial Profiles, Inc.
Lisa Mueller, Senior Vice President
(310) 622-8231
calavo@finprofiles.com
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