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Calavo Growers, a global avocado-industry leader and expanding provider of value-added fresh food, today announced that its board of directors declared a $0.95 per share annual cash dividend on its common stock. The board set Dec. 8, 2017 as the payment date to all shareholders of record as of Nov. 17, 2017. The distribution of $0.95 per share represents a 5.6 percent increase from last year and marks the company's sixth consecutive annual cash dividend increase. This is also the 16th consecutive annual payout by Calavo since 2002, when its shares became publicly traded on the Nasdaq Market, during which time the dividend has increased 375 percent.

Sabine Royalty Trust, today declared a cash distribution to the holders of its units of beneficial interest of $0.150900 per unit, payable on October 30, 2017, to unit holders of record on October 16, 2017.

Lennar, one of the nation's largest homebuilders, announced that its Board of Directors has declared a quarterly cash dividend of $0.04 per share for both Class A and Class B common stock payable on November 2, 2017 to holders of record at the close of business on October 19, 2017.

Science Applications International, announced today that its Board of Directors has authorized and declared a regular quarterly cash dividend of $0.31 per share. The cash dividend is payable on October 27, 2017 to stockholders of record on October 13, 2017.

Tanger Factory Outlet Centers, announced today that its Board of Directors declared a quarterly dividend of $0.3425 per share for the third quarter ending September 30, 2017. A cash dividend of $0.3425 per share will be payable on November 15, 2017 to holders of record on October 31, 2017. Since becoming a public company in May 1993, the company has paid a cash dividend each quarter and has increased its dividend each year.

For MarketNewsVideo.com, I'm Sayoko Murase.