Alico, Inc. Announces Quarterly Dividend of $0.06 (ALCO)

Alico, Inc. (NASDAQ:ALCO) announced a quarterly dividend on Monday, March 19th, Wall Street Journal reports. Shareholders of record on Friday, March 30th will be given a dividend of 0.06 per share on Friday, April 13th. This represents a $0.24 dividend on an annualized basis and a yield of 0.88%. The ex-dividend date is Wednesday, March 28th.

Shares of Alico (NASDAQ ALCO) opened at $27.20 on Tuesday. Alico has a 52 week low of $25.55 and a 52 week high of $34.80. The company has a quick ratio of 2.69, a current ratio of 5.39 and a debt-to-equity ratio of 1.07. The firm has a market capitalization of $224.79, a price-to-earnings ratio of 226.67 and a beta of 1.03.

Alico (NASDAQ:ALCO) last posted its quarterly earnings results on Tuesday, February 6th. The company reported ($0.44) earnings per share for the quarter. Alico had a net margin of 0.79% and a negative return on equity of 0.23%. The business had revenue of $17.53 million during the quarter.

A number of analysts have weighed in on ALCO shares. TheStreet cut Alico from a “c” rating to a “d+” rating in a research note on Tuesday, December 12th. BidaskClub cut Alico from a “buy” rating to a “hold” rating in a research note on Wednesday, December 20th.

A hedge fund recently raised its stake in Alico stock. State Street Corp raised its holdings in Alico, Inc. (NASDAQ:ALCO) by 4.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 53,051 shares of the company’s stock after buying an additional 2,051 shares during the period. State Street Corp owned about 0.64% of Alico worth $1,661,000 as of its most recent SEC filing. 74.40% of the stock is owned by hedge funds and other institutional investors.

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About Alico

Alico, Inc is an agribusiness and natural resources management company. The Company’s segments include Orange Co, Conservation and Environmental Resources and, Other Operations. Its principal lines of business are citrus groves, cattle ranching and conservation. The Orange Co segment includes activities related to planting, owning, cultivating and/or managing citrus groves in order 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.

Dividend History for Alico (NASDAQ:ALCO)

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