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

Alico, Inc. (NASDAQ:ALCO - Get Free Report) announced a quarterly dividend on Friday, March 14th, Wall Street Journal reports. Stockholders of record on Friday, March 28th will be paid a dividend of 0.05 per share on Friday, April 11th. This represents a $0.20 annualized dividend and a dividend yield of 0.68%. The ex-dividend date of this dividend is Friday, March 28th.

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

Alico Trading Up 0.3 %

Shares of ALCO traded up $0.10 during midday trading on Thursday, hitting $29.44. The stock had a trading volume of 64,547 shares, compared to its average volume of 34,999. Alico has a 1 year low of $24.14 and a 1 year high of $34.08. The firm has a market cap of $224.86 million, a PE ratio of -4.97 and a beta of 0.81. The company has a debt-to-equity ratio of 0.42, a current ratio of 4.84 and a quick ratio of 2.37. The stock's 50 day moving average is $29.93 and its 200 day moving average is $27.88.

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

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Wall Street Analyst Weigh In

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

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.