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

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 dividend yield of 0.69%. The ex-dividend date is Friday, March 28th.

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

Alico Price Performance

Shares of ALCO stock traded down $0.02 during trading hours on Tuesday, hitting $28.99. 25,391 shares of the company’s stock were exchanged, 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. Alico has a 12-month low of $24.14 and a 12-month high of $34.08. The business’s 50 day simple moving average is $29.97 and its 200-day simple moving average is $27.86. 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 posted its quarterly earnings results on Wednesday, February 12th. The company reported ($1.20) 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%. On average, equities research analysts anticipate that Alico will post -0.37 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised 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.