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

Alico, Inc. (NASDAQ:ALCO) announced a quarterly dividend on Tuesday, March 24th. Shareholders of record on Friday, April 3rd will be paid a dividend of 0.05 per share on Friday, April 17th. This represents a c) annualized dividend and a yield of 0.5%. The ex-dividend date is Thursday, April 2nd.

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

Alico Stock Performance

Alico stock traded up $0.25 during midday trading on Wednesday, reaching $39.61. 10,456 shares of the company’s stock were exchanged, compared to its average volume of 28,000. The company has a debt-to-equity ratio of 0.82, a quick ratio of 13.02 and a current ratio of 14.39. Alico has a 52 week low of $27.61 and a 52 week high of $43.20. The stock’s 50-day simple moving average is $40.20 and its 200 day simple moving average is $36.70. The firm has a market cap of $303.42 million, a price-to-earnings ratio of -2.14 and a beta of 1.02.

Alico (NASDAQ:ALCO) last posted its earnings results on Wednesday, February 4th. The company reported ($0.96) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.04) by ($0.92). The business had revenue of $1.89 million for the quarter, compared to analyst estimates of $3.22 million. Alico had a negative return on equity of 101.66% and a negative net margin of 487.45%. On average, analysts expect that Alico will post -0.37 earnings per share for the current fiscal year.

Alico Company Profile

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.