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

Alico, Inc. (NASDAQ:ALCO) declared a quarterly dividend on Tuesday, March 18th, Wall Street Journal reports. Shareholders 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 by an average of 50.8% per year over the last three years.

Alico Stock Down 0.1 %

Alico stock opened at $28.99 on Wednesday. The company has a debt-to-equity ratio of 0.42, a quick ratio of 2.37 and a current ratio of 4.84. Alico has a 52-week low of $24.14 and a 52-week high of $34.08. The firm has a 50 day moving average price of $29.95 and a two-hundred day moving average price of $27.86. The firm has a market cap of $221.43 million, a price-to-earnings ratio of -4.90 and a beta of 0.81.

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

Analysts Set New Price Targets

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

Alico Company Profile

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.