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

Alico, Inc. (NASDAQ:ALCO) announced a quarterly dividend on Friday, December 19th. Investors of record on Friday, January 2nd will be given a dividend of 0.05 per share on Friday, January 16th. This represents a c) dividend on an annualized basis and a yield of 0.6%. The ex-dividend date of this dividend is Friday, January 2nd.

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

Alico Stock Down 0.5%

Shares of Alico stock traded down $0.19 during trading on Wednesday, reaching $36.33. 1,064 shares of the company traded hands, compared to its average volume of 39,770. The company has a debt-to-equity ratio of 0.79, a current ratio of 9.56 and a quick ratio of 8.83. The firm has a market capitalization of $278.29 million, a PE ratio of -1.88 and a beta of 1.02. The company has a 50 day moving average price of $35.07 and a 200-day moving average price of $33.82. Alico has a 1-year low of $25.14 and a 1-year high of $38.40.

Alico (NASDAQ:ALCO) last released its quarterly earnings data on Monday, November 24th. The company reported ($1.10) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.39) by ($0.71). The business had revenue of $0.80 million during the quarter, compared to the consensus estimate of $0.30 million. Alico had a negative net margin of 334.35% and a negative return on equity of 78.98%. As a group, equities research analysts expect that Alico will post -0.37 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Gate City Capital Management LLC grew its holdings in Alico by 28.2% in the 2nd quarter. Gate City Capital Management LLC now owns 1,126,553 shares of the company’s stock worth $36,816,000 after acquiring an additional 248,136 shares during the last quarter. Towerview LLC raised its holdings in shares of Alico by 8.7% during the second quarter. Towerview LLC now owns 125,000 shares of the company’s stock valued at $4,085,000 after acquiring an additional 10,000 shares in the last quarter. Oak Family Advisors LLC bought a new stake in Alico in the second quarter valued at $1,531,000. Accordant Advisory Group Inc lifted its position in shares of Alico by 14.4% in the 2nd quarter. Accordant Advisory Group Inc now owns 50,202 shares of the company’s stock worth $1,641,000 after purchasing an additional 6,321 shares during the period. Finally, Ellsworth Advisors LLC purchased a new position in shares of Alico during the first quarter valued at about $657,000. 62.28% of the stock is owned by institutional investors.

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.