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

Alico, Inc. (NASDAQ:ALCO) declared a quarterly dividend on Friday, December 19th. Stockholders of record on Friday, January 2nd will be paid a dividend of 0.05 per share on Friday, January 16th. This represents a c) annualized dividend and a dividend yield of 0.6%. The ex-dividend date 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 Performance

ALCO stock traded down $0.19 on Wednesday, reaching $36.33. The company’s stock had a trading volume of 1,011 shares, compared to its average volume of 39,769. Alico has a 52 week low of $25.14 and a 52 week high of $38.40. 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 company has a market capitalization of $278.29 million, a P/E ratio of -1.88 and a beta of 1.02. The firm has a fifty day moving average of $35.07 and a two-hundred day moving average of $33.82.

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

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.