Alico, Inc. (ALCO) To Go Ex-Dividend on October 2nd

Alico, Inc. (NASDAQ:ALCO) declared 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 annualized dividend and a yield of 0.5%. The ex-dividend date of this dividend is Friday, October 2nd.

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

Alico Stock Down 1.7%

ALCO opened at $38.50 on Wednesday. The company’s 50-day moving average price is $39.48 and its two-hundred day moving average price is $40.52. The company has a quick ratio of 7.93, a current ratio of 7.96 and a debt-to-equity ratio of 0.81. Alico has a twelve month low of $31.32 and a twelve month high of $45.01. The stock has a market cap of $285.67 million, a price-to-earnings 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 EPS for the quarter, topping analysts’ consensus estimates of ($0.74) by $1.03. Alico had a net margin of 8.98% and a negative return on equity of 20.77%. The company had revenue of $9.04 million for the quarter, compared to analysts’ expectations of $2.75 million. As a group, equities analysts expect that Alico will post -3.27 earnings per share for the current 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.