Alico Plans Quarterly Dividend of $0.08 (ALCO)
Alico (NASDAQ:ALCO) announced a quarterly dividend on Wednesday, January 9th. Stockholders of record on Thursday, March 28th will be paid a dividend of $0.08 per share on Monday, April 15th. This represents a $0.32 annualized dividend and a dividend yield of 0.79%.
On the ratings front, analysts at Taglich Brothers initiated coverage on shares of Alico in a research note to investors on Thursday, November 8th. They set a “buy” rating and a $35.00 price target on the stock.
One research analyst has rated the stock with a buy rating, and one has given a hold rating to the stock. The company currently has a consensus rating of “overweight” and a consensus price target of $35.00.
Alico (ALCO) traded up 1.85% on Wednesday, hitting $40.70. Alico (ALCO) has a 1-year low of $19.02 and a 1-year high of $40.36. The stock’s 50-day moving average is currently $36.03. The company has a market cap of $299.5 million and a price-to-earnings ratio of 15.92.
Alico last released its earnings data on Wednesday, December 5th. The company reported ($0.07) EPS for the quarter. The company had revenue of $6.60 million for the quarter. On average, analysts predict that Alico (ALCO) will post $2.72 earnings per share for the current fiscal year.
Alico, Inc. (Alico) is a land management company operating in Central and Southwest Florida. The Company operates in two segments: agricultural operations and non agricultural operations.
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