Limoneira pauses common dividend to fund avocado, recycling, housing investments

Limoneira CO

Board pauses regular cash dividend to support strategic capital investments; expects to resume when prudent.
Reiterates FY2026 fresh lemon volume guidance of 4.0-4.5M cartons and avocado volume of 5.0-6.0M pounds.
Targeting $10M in annual SG&A savings through Sunkist partnership; organic recycling JV with Agromin to process 300K tons annually.
Expects to receive ~$180M from Harvest LLC over 7 fiscal years, with $5M projected for FY2026.
800 non-bearing avocado acres expected to become fully bearing in 2-4 years, positioning as largest U.S. avocado producer.

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