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

Alico, Inc. (NASDAQ:ALCOGet Free Report) declared a quarterly dividend on Tuesday, March 24th. Shareholders of record on Friday, April 3rd will be given 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 payment by an average of 0.1%annually over the last three years.

Alico Trading Up 1.0%

NASDAQ ALCO traded up $0.38 on Wednesday, hitting $39.74. 9,605 shares of the stock were exchanged, compared to its average volume of 27,982. 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 firm has a market capitalization of $304.41 million, a P/E ratio of -2.14 and a beta of 1.02. The stock has a fifty day moving average price of $40.20 and a two-hundred day moving average price of $36.70.

Alico (NASDAQ:ALCOGet Free Report) last announced its earnings results on Wednesday, February 4th. The company reported ($0.96) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.92). Alico had a negative net margin of 487.45% and a negative return on equity of 101.66%. The firm had revenue of $1.89 million during the quarter, compared to analysts’ expectations of $3.22 million. Research analysts forecast that Alico will post -0.37 EPS for the current fiscal year.

About Alico

(Get Free Report)

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.

Read More

Dividend History for Alico (NASDAQ:ALCO)

Receive News & Ratings for Alico Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Alico and related companies with MarketBeat.com's FREE daily email newsletter.