Alico, Inc. (NASDAQ:ALCO - Get Free Report) announced a quarterly dividend on Friday, December 13th,Wall Street Journal reports. Shareholders of record on Friday, December 27th will be paid a dividend of 0.05 per share on Friday, January 10th. This represents a $0.20 annualized dividend and a yield of 0.76%. The ex-dividend date is Friday, December 27th.
Alico has decreased its dividend payment by an average of 23.7% per year over the last three years. Alico has a dividend payout ratio of -54.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.
Alico Stock Up 1.8 %
Shares of Alico stock traded up $0.47 during midday trading on Tuesday, hitting $26.24. The company's stock had a trading volume of 47,528 shares, compared to its average volume of 27,489. The firm has a market capitalization of $200.29 million, a P/E ratio of 28.52 and a beta of 0.80. Alico has a 1-year low of $24.14 and a 1-year high of $30.75. The company has a quick ratio of 0.99, a current ratio of 3.81 and a debt-to-equity ratio of 0.35. The stock has a 50-day simple moving average of $26.07 and a 200-day simple moving average of $26.80.
Analysts Set New Price Targets
Separately, StockNews.com raised shares of Alico to a "sell" rating in a research report on Thursday, August 29th.
Check Out Our Latest Report on ALCO
Alico Company Profile
(
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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.
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