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

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 dividend yield of 0.5%. The ex-dividend date of this dividend is Thursday, July 2nd.

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

Alico Stock Down 1.6%

Shares of NASDAQ:ALCO opened at $41.15 on Tuesday. The firm has a market capitalization of $305.33 million, a P/E ratio of -16.73 and a beta of 0.93. The company has a debt-to-equity ratio of 0.80, a quick ratio of 9.39 and a current ratio of 9.63. The stock has a 50 day moving average price of $41.07 and a 200-day moving average price of $40.17. Alico has a 52-week low of $31.32 and a 52-week high of $45.01.

Alico (NASDAQ:ALCO) last released its quarterly earnings results on Monday, May 11th. The company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.40. The company 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 anticipate that Alico will post -3.52 EPS for the current fiscal year.

About Alico

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.