Bay Resource Partners, LP stated that they own a 7.9% stake in AliCo. (NASDAQ:ALCO) in a Form 13G/A disclosure that was filed with the Securities and Exchange Commission (SEC) on Tuesday, October 11th. The investor owns 596,591 shares of the stock valued at approximately $16,066,196. The reporting parties listed on the disclosure included Bay Resource Partners, LP, Bay II Resource Partners, LP, Bay Resource Partners Offshore Master Fund, LP, GMT Capital Corp and Thomas E Claugus. The filing is available through Edgar at this hyperlink.
The business also recently announced a quarterly dividend, which will be paid on Friday, October 14th. Shareholders of record on Friday, September 30th will be issued a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a yield of 0.89%. The ex-dividend date of this dividend is Wednesday, September 28th. AliCo.’s payout ratio is presently 25.26%.
AliCo. Company Profile
Alico, Inc is an agribusiness and natural resources management company. The Company’s Citrus Groves 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. The Improved Farmland segment includes activities related to owning and/or leasing improved farmland.
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