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

Alico, Inc. (NASDAQ:ALCO) declared a quarterly dividend on Monday, June 16th, Wall Street Journal reports. Shareholders of record on Friday, June 27th will be paid a dividend of 0.05 per share on Friday, July 11th. This represents a $0.20 annualized dividend and a yield of 0.64%. The ex-dividend date is Friday, June 27th.

Alico Trading Up 0.3%

Alico stock traded up $0.10 during trading on Monday, hitting $31.36. The company’s stock had a trading volume of 16,965 shares, compared to its average volume of 39,760. The stock’s fifty day moving average is $30.11 and its 200 day moving average is $29.30. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.37 and a current ratio of 4.84. Alico has a 1-year low of $24.20 and a 1-year high of $34.08. The stock has a market capitalization of $239.65 million, a price-to-earnings ratio of -5.30 and a beta of 0.99.

Alico (NASDAQ:ALCO) last issued its quarterly earnings results on Tuesday, May 13th. The company reported ($10.98) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.36) by ($10.62). Alico had a negative return on equity of 3.01% and a negative net margin of 91.09%. The company had revenue of $17.98 million during the quarter, compared to the consensus estimate of $22.20 million. As a group, equities research analysts predict that Alico will post -0.37 EPS for the current year.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut Alico from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 22nd.

Alico Company Profile

Alico, Inc, together with its subsidiaries, operates as an agribusiness and land management company in the United States. The company operates in two segments, Alico Citrus, and Land Management and Other Operations. The Alico Citrus segment engages in planting, owning, cultivating, and/or managing citrus groves to produce fruit for sale to fresh and processed citrus markets, including activities related to the purchase and resale of fruit and value-added services, which include contracting for the harvesting, marketing, and hauling of citrus.