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

Alico, Inc. (NASDAQ:ALCO) declared a quarterly dividend on Monday, June 16th, Wall Street Journal reports. Stockholders of record on Friday, June 27th will be paid a dividend of 0.05 per share on Friday, July 11th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.64%. The ex-dividend date of this dividend is Friday, June 27th.

Alico Price Performance

ALCO traded up $0.10 on Monday, reaching $31.36. The company had a trading volume of 16,965 shares, compared to its average volume of 39,760. Alico has a one year low of $24.20 and a one year high of $34.08. The company has a market capitalization of $239.65 million, a P/E ratio of -5.30 and a beta of 0.99. The company has a fifty day moving average of $30.11 and a 200-day moving average of $29.30. The company has a current ratio of 4.84, a quick ratio of 2.37 and a debt-to-equity ratio of 0.42.

Alico (NASDAQ:ALCO) last announced its quarterly earnings data on Tuesday, May 13th. The company reported ($10.98) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.36) by ($10.62). The business had revenue of $17.98 million during the quarter, compared to analyst estimates of $22.20 million. Alico had a negative return on equity of 3.01% and a negative net margin of 91.09%. As a group, equities research analysts anticipate that Alico will post -0.37 earnings per share for the current year.

Analyst Ratings Changes

Separately, Wall Street Zen lowered Alico from a “hold” rating to a “strong sell” rating in a research report on Thursday, May 22nd.

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.