Alico, Inc. Plans Quarterly Dividend of $0.05 (NASDAQ:ALCO)

Alico, Inc. (NASDAQ:ALCO) declared a quarterly dividend on Friday, December 19th. Stockholders of record on Friday, January 2nd will be given a dividend of 0.05 per share on Friday, January 16th. This represents a c) annualized dividend and a dividend yield of 0.6%. The ex-dividend date is Friday, January 2nd.

Alico has decreased its dividend payment by an average of 0.1%per year over the last three years.

Alico Trading Down 0.5%

Shares of NASDAQ:ALCO traded down $0.19 during mid-day trading on Wednesday, hitting $36.33. The stock had a trading volume of 957 shares, compared to its average volume of 39,769. The company has a debt-to-equity ratio of 0.79, a quick ratio of 8.83 and a current ratio of 9.56. The company has a market cap of $278.29 million, a PE ratio of -1.88 and a beta of 1.02. Alico has a 12-month low of $25.14 and a 12-month high of $38.40. The company’s 50 day moving average is $35.07 and its 200-day moving average is $33.82.

Alico (NASDAQ:ALCO) last posted its quarterly earnings data on Monday, November 24th. The company reported ($1.10) earnings per share for the quarter, missing the consensus estimate of ($0.39) by ($0.71). The firm had revenue of $0.80 million for the quarter, compared to analysts’ expectations of $0.30 million. Alico had a negative return on equity of 78.98% and a negative net margin of 334.35%. On average, sell-side analysts predict that Alico will post -0.37 EPS for the current year.

About Alico

Alico, Inc is an agribusiness and land management company headquartered in Fort Myers, Florida. The company owns and manages over 110,000 acres of land in southwestern Florida, with operations focused on citrus groves, sugarcane production, forestry and other row crops. Alico leverages its extensive land holdings to support integrated agricultural and environmental stewardship practices.

In its citrus division, Alico cultivates and markets fresh oranges for both the retail and processing markets, while its sugarcane segment supplies raw cane to domestic sugar mills.