Alico, Inc. (NASDAQ:ALCO) to Issue $0.05 Quarterly Dividend

Alico, Inc. (NASDAQ:ALCO) announced a quarterly dividend on Monday, June 15th. Stockholders of record on Thursday, July 2nd will be paid a dividend of 0.05 per share on Thursday, July 16th. This represents a c) dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Thursday, July 2nd.

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

Alico Stock Down 0.3%

Shares of Alico stock traded down $0.11 during trading on Tuesday, reaching $40.20. The stock had a trading volume of 15,036 shares, compared to its average volume of 25,471. The company has a market capitalization of $298.28 million, a price-to-earnings ratio of -16.34 and a beta of 0.93. The stock has a fifty day moving average price of $41.62 and a two-hundred day moving average price of $39.84. Alico has a 52 week low of $30.94 and a 52 week high of $45.01. The company has a current ratio of 9.63, a quick ratio of 9.39 and a debt-to-equity ratio of 0.80.

Alico (NASDAQ:ALCO) last issued its quarterly earnings results on Monday, May 11th. The company reported $1.49 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.40. Alico had a negative return on equity of 38.92% and a negative net margin of 115.00%.The company had revenue of $5.34 million for the quarter, compared to analyst estimates of $2.45 million. Sell-side analysts predict that Alico will post -3.52 EPS for the current fiscal 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.