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

Alico, Inc. (NASDAQ:ALCO) announced a quarterly dividend on Tuesday, March 18th, Wall Street Journal reports. Investors of record on Friday, March 28th will be given a dividend of 0.05 per share on Friday, April 11th. This represents a $0.20 annualized dividend and a yield of 0.69%. The ex-dividend date is Friday, March 28th.

Alico has decreased its dividend payment by an average of 50.8% per year over the last three years.

Alico Trading Down 0.1 %

NASDAQ:ALCO traded down $0.02 during trading hours on Tuesday, hitting $28.99. The company had a trading volume of 25,391 shares, compared to its average volume of 34,675. The company has a market capitalization of $221.43 million, a PE ratio of -4.90 and a beta of 0.81. The stock has a 50-day moving average price of $29.97 and a 200 day moving average price of $27.86. Alico has a 52 week low of $24.14 and a 52 week high of $34.08. The company has a debt-to-equity ratio of 0.42, a current ratio of 4.84 and a quick ratio of 2.37.

Alico (NASDAQ:ALCO) last released its quarterly earnings results on Wednesday, February 12th. The company reported ($1.20) earnings per share for the quarter, missing the consensus estimate of ($0.93) by ($0.27). Alico had a negative net margin of 91.09% and a negative return on equity of 3.01%. On average, equities research analysts predict that Alico will post -0.37 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Alico to a “sell” rating in a report on Friday, February 14th.

About Alico

Alico, Inc, together with its subsidiaries, operates as an agribusiness and land management company in the United States. The company operates in two segments, Alico Citrus, and Land Management and Other Operations. The Alico Citrus segment engages in planting, owning, cultivating, and/or managing citrus groves to produce fruit for sale to fresh and processed citrus markets, including activities related to the purchase and resale of fruit and value-added services, which include contracting for the harvesting, marketing, and hauling of citrus.