Benzinga | Sep 29, 2021 10:13AM EDT

Limoneira Plans $10M Stock Buyback Program

* Limoneira Co (NASDAQ:LMNR) announced its Board of Directors had authorized the repurchase of up to $10.0 million of its issued and outstanding common stock.

* The company plans to repurchase common stock through September 2022, utilizing one or more open market transactions.

* Limoneira held $0.7 million in cash and equivalents as of July 31, 2021.

* Price Action: LMNR shares are trading higher by 1.13% at $15.63 on the last check Wednesday.