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

Alico, Inc. (NASDAQ:ALCO) announced a quarterly dividend on Monday, June 15th. Stockholders of record on Thursday, July 2nd will be paid a dividend of 0.05 per share on Thursday, July 16th. This represents a c) annualized dividend and a dividend yield of 0.5%. The ex-dividend date is Thursday, July 2nd.

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

Alico Stock Down 0.3%

Shares of NASDAQ:ALCO opened at $40.20 on Wednesday. The company has a market cap of $298.28 million, a price-to-earnings ratio of -16.34 and a beta of 0.92. The firm’s 50-day simple moving average is $41.59 and its 200-day simple moving average is $39.88. The company has a quick ratio of 9.39, a current ratio of 9.63 and a debt-to-equity ratio of 0.80. Alico has a fifty-two week low of $30.94 and a fifty-two week high of $45.01.

Alico (NASDAQ:ALCO) last issued its earnings results on Monday, May 11th. The company reported $1.49 earnings per share for the quarter, beating the consensus estimate of $1.09 by $0.40. The business had revenue of $5.34 million for the quarter, compared to the consensus estimate of $2.45 million. Alico had a negative net margin of 115.00% and a negative return on equity of 38.92%. As a group, equities research analysts predict that Alico will post -3.52 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have recently weighed in on ALCO shares. Freedom Capital downgraded shares of Alico from a “strong-buy” rating to a “hold” rating in a report on Thursday, May 14th. Wall Street Zen raised shares of Alico from a “sell” rating to a “hold” rating in a report on Saturday, May 16th. Roth Mkm set a $45.00 price objective on shares of Alico and gave the stock a “buy” rating in a report on Friday, March 27th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Alico in a report on Monday, April 20th. One analyst has rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Alico has a consensus rating of “Hold” and an average target price of $45.00.

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.