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

Alico, Inc. (NASDAQ:ALCO) declared a quarterly dividend on Monday, June 15th. Shareholders of record on Thursday, July 2nd will be given a dividend of 0.05 per share on Thursday, July 16th. This represents a c) dividend on an annualized basis and a yield of 0.5%. The ex-dividend date is Thursday, July 2nd.

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

Alico Price Performance

Alico stock traded down $0.11 during mid-day trading on Tuesday, reaching $40.20. 15,036 shares of the company were exchanged, compared to its average volume of 25,471. The company has a fifty day simple moving average of $41.62 and a 200-day simple moving average of $39.84. Alico has a 12 month low of $30.94 and a 12 month high of $45.01. The company has a debt-to-equity ratio of 0.80, a current ratio of 9.63 and a quick ratio of 9.39. The firm has a market cap of $298.28 million, a PE ratio of -16.34 and a beta of 0.93.

Alico (NASDAQ:ALCO) last posted its quarterly earnings data on Monday, May 11th. The company reported $1.49 EPS for the quarter, topping analysts’ consensus estimates of $1.09 by $0.40. The firm had revenue of $5.34 million for the quarter, compared to analyst estimates of $2.45 million. Alico had a negative return on equity of 38.92% and a negative net margin of 115.00%. As a group, equities research analysts expect that Alico will post -3.52 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Roth Mkm set a $45.00 target price on Alico and gave the company a “buy” rating in a report on Friday, March 27th. Freedom Capital downgraded Alico from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Alico in a report on Monday, April 20th. Finally, Wall Street Zen raised Alico from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. One equities research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $45.00.

Alico Company Profile

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.