Limoneira Company Defies Economic Downturn; Announces Additional Dividend Distribution

Limoneira Company (PINKSHEETS: LMNR), one of California's largest agribusinesses, announced a $2 per share dividend in addition to its regular annual dividend that will be issued early next year. "This is shaping up, by far, as the most profitable year in our company's 115-year history," said Harold Edwards, Limoneira president and CEO. "We wanted to commemorate our company's financial strength in a way that our shareholders would appreciate." Since its founding in 1893, Limoneira has been a leader in California agriculture. The company, with headquarters in Santa Paula, California, grows primarily citrus and... [read full story]