Alico, Inc. (ALCO) to Issue Quarterly Dividend of $0.05 on October 16th

Alico, Inc. (NASDAQ:ALCO) announced a quarterly dividend on Tuesday, September 8th. Investors of record on Friday, October 2nd will be given a dividend of $0.05 per share on Friday, October 16th. This represents a $0.20 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Friday, October 2nd.

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

Alico Price Performance

NASDAQ:ALCO opened at $38.50 on Wednesday. The stock has a 50 day moving average of $39.48 and a two-hundred day moving average of $40.52. Alico has a 12 month low of $31.32 and a 12 month high of $45.01. The company has a current ratio of 7.96, a quick ratio of 7.93 and a debt-to-equity ratio of 0.81. The firm has a market cap of $285.67 million, a P/E ratio of 175.01 and a beta of 0.92.

Alico (NASDAQ:ALCO) last posted its quarterly earnings results on Monday, August 10th. The company reported $0.29 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.74) by $1.03. The firm had revenue of $9.04 million for the quarter, compared to analyst estimates of $2.75 million. Alico had a net margin of 8.98% and a negative return on equity of 20.77%. On average, analysts expect that Alico will post -3.27 earnings per share for the current fiscal year.

Alico Company Profile

Alico, Inc (NASDAQ: ALCO) is an agribusiness and land management company focused primarily on citrus production in Florida. Through its agricultural operations, the company grows, harvests and sells citrus, including oranges, grapefruit and specialty citrus varieties, for use in fresh markets and juice processing.

The company also manages and develops its land holdings for agricultural and other purposes. Its operations include citrus grove management, land conservation and related activities, with revenues influenced by crop yields, weather conditions, citrus disease and market demand.