Limoneira Pauses Regular Common Stock Dividend as it Makes Strategic Investments in Expanding Avocado Production, Increasing Organic Recycling and Pursuing New Housing

SANTA PAULA, Calif.--(BUSINESS WIRE)--Limoneira Company (the “Company” or “Limoneira”) (Nasdaq: LMNR), a diversified lemon and avocado growing and lemon packing company with related agribusiness activities and real estate development operations, today announced that its Board of Directors paused its regular cash dividends on its outstanding common stock to support the Company's capital strategic investments including transitioning a portion of its agriculture lands to higher value avocado produ.