Limoneira registers stock
Staff Reports
In an effort to be more transparent to investors, the Limoneira Co. is registering its common stock with the Securities and Exchange Commission, saying the move will allow the public to get a better picture of the company's value, company officials say.
The move comes as the Santa Paula-based agricultural company is celebrating its 117th birthday. The company also will propose to its board at its annual meeting on March 23 a 10-for-1 stock split, increasing the number of shares from 1.1 million to 11 million.
"We're at a point where it's important that we go out and tell our story, so investors and others can have a better picture of the value we create," Harold Edwards, the company's president and chief executive officer, said Tuesday.