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

Key Points

• Alico, Inc. has announced a quarterly dividend of $0.05 per share, scheduled for distribution on October 10th to investors of record as of September 26th.
• The company reported a loss of ($2.39) earnings per share for the last quarter, missing analysts' forecasts, with revenue of $8.39 million compared to an expected $16.90 million.
• Alico's stock performance has shown a market cap of approximately $254.43 million, with a recent trading price around $33.28 and a 1-year high of $35.01.

Alico, Inc. (NASDAQ:ALCO - Get Free Report) announced a quarterly dividend on Friday, September 12th. Investors of record on Friday, September 26th will be given a dividend of 0.05 per share on Friday, October 10th. This represents a c) annualized dividend and a yield of 0.6%. The ex-dividend date of this dividend is Friday, September 26th.

Alico Stock Performance

Shares of NASDAQ ALCO opened at $33.28 on Wednesday. The stock has a fifty day moving average price of $33.23 and a two-hundred day moving average price of $31.38. The company has a debt-to-equity ratio of 0.72, a quick ratio of 8.87 and a current ratio of 9.37. The firm has a market cap of $254.43 million, a P/E ratio of -1.62 and a beta of 1.01. Alico has a 1 year low of $24.23 and a 1 year high of $35.01.

Alico (NASDAQ:ALCO - Get Free Report) last issued its quarterly earnings results on Tuesday, August 12th. The company reported ($2.39) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.09) by ($1.30). The firm had revenue of $8.39 million for the quarter, compared to the consensus estimate of $16.90 million. Alico had a negative net margin of 355.13% and a negative return on equity of 58.27%. Research analysts forecast that Alico will post -0.37 EPS for the current fiscal year.

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.

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