Alico, Inc. (NASDAQ:ALCO) Shareholders to Get $0.05 Quarterly Dividend

Alico, Inc. (NASDAQ:ALCO) announced a quarterly dividend on Tuesday, September 8th. Stockholders of record on Friday, October 2nd will be paid a dividend of $0.05 per share on Friday, October 16th. This represents a $0.20 annualized dividend and a dividend 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%annually over the last three years.

Alico Stock Performance

Shares of NASDAQ:ALCO opened at $38.50 on Wednesday. Alico has a twelve month low of $31.32 and a twelve month high of $45.01. The firm has a market cap of $285.67 million, a PE ratio of 175.01 and a beta of 0.92. The company has a debt-to-equity ratio of 0.81, a quick ratio of 7.93 and a current ratio of 7.96. The business has a fifty day moving average of $39.48 and a 200-day moving average of $40.52.

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

About Alico

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.