Alico, Inc. (NASDAQ:ALCO) Plans Quarterly Dividend of $0.06

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Alico, Inc. (NASDAQ:ALCO) declared a quarterly dividend on Tuesday, June 18th, Wall Street Journal reports. Shareholders of record on Friday, June 28th will be given a dividend of 0.06 per share on Friday, July 12th. This represents a $0.24 dividend on an annualized basis and a yield of 0.79%. The ex-dividend date is Thursday, June 27th.

NASDAQ:ALCO traded up $0.05 during trading hours on Wednesday, reaching $30.19. 109 shares of the company were exchanged, compared to its average volume of 10,983. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.82 and a current ratio of 2.58. The stock has a 50-day moving average of $27.50. The firm has a market cap of $222.83 million, a price-to-earnings ratio of 32.42 and a beta of 0.64. Alico has a twelve month low of $25.25 and a twelve month high of $34.65.

Alico (NASDAQ:ALCO) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $1.21 earnings per share for the quarter. The company had revenue of $48.52 million during the quarter. Alico had a net margin of 16.29% and a return on equity of 3.95%.

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 Water Resources and Other Operations. The Alico Citrus segment engages in planting, owning, cultivating, and/or managing citrus groves to produce fruits for sale to fresh and processed citrus markets, including activities related to the purchase and resale of fruit and value-added services, which comprise contracting for the harvesting, marketing, and hauling of citrus.

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Dividend History for Alico (NASDAQ:ALCO)

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