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

Alico, Inc. (NASDAQ:ALCO - Get Free Report) announced a quarterly dividend on Friday, March 14th, 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 dividend on an annualized basis and a yield of 0.69%. The ex-dividend date of this dividend is Friday, March 28th.

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

Alico Trading Down 2.1 %

ALCO stock traded down $0.63 during trading on Friday, hitting $28.81. The company had a trading volume of 99,243 shares, compared to its average volume of 35,292. Alico has a 52-week low of $24.14 and a 52-week high of $34.08. The company has a 50 day simple moving average of $29.93 and a 200-day simple moving average of $27.87. The firm has a market capitalization of $220.05 million, a P/E ratio of -4.87 and a beta of 0.81. The company has a quick ratio of 2.37, a current ratio of 4.84 and a debt-to-equity ratio of 0.42.

Alico (NASDAQ:ALCO - Get Free Report) last issued its 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%. As a group, research analysts forecast that Alico will post -0.37 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

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.