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

Key Points

• Alico declared a quarterly dividend of $0.05 per share; shareholders of record April 3 will be paid April 17 with an ex-dividend date of April 2, implying an annualized yield of about 0.5%.
• The company reported a surprise quarterly loss of ($0.96) EPS, missing estimates by $0.92 and showing severely negative profitability (ROE -101.66%, net margin -487.45%) on revenue of $1.89M versus $3.22M expected.
• Shares traded around $39.74 (up ~1% intraday) with a market cap near $304.4M and a 12‑month range of $27.61–$43.20, and about 62.3% of the stock is held by institutional investors.

Alico, Inc. (NASDAQ:ALCO - Get Free Report) announced a quarterly dividend on Tuesday, March 24th. Stockholders of record on Friday, April 3rd will be given a dividend of 0.05 per share on Friday, April 17th. This represents a c) dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date of this dividend is Thursday, April 2nd.

Alico has decreased its dividend payment by an average of 0.1%annually over the last three years.

Alico Trading Up 1.0%

Shares of Alico stock traded up $0.38 during midday trading on Wednesday, reaching $39.74. 9,605 shares of the company's stock traded hands, compared to its average volume of 27,982. The stock has a 50 day moving average of $40.20 and a 200-day moving average of $36.70. Alico has a 12 month low of $27.61 and a 12 month high of $43.20. The company has a market cap of $304.41 million, a PE ratio of -2.14 and a beta of 1.02. The company has a debt-to-equity ratio of 0.82, a quick ratio of 13.02 and a current ratio of 14.39.

Alico (NASDAQ:ALCO - Get Free Report) last posted its quarterly earnings data on Wednesday, February 4th. The company reported ($0.96) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.04) by ($0.92). Alico had a negative return on equity of 101.66% and a negative net margin of 487.45%.The firm had revenue of $1.89 million during the quarter, compared to the consensus estimate of $3.22 million. As a group, equities analysts expect that Alico will post -0.37 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Rhumbline Advisers increased its position in Alico by 45.2% in the second quarter. Rhumbline Advisers now owns 15,598 shares of the company's stock worth $510,000 after purchasing an additional 4,859 shares during the last quarter. American Century Companies Inc. purchased a new position in shares of Alico in the 2nd quarter worth $332,000. XTX Topco Ltd purchased a new position in shares of Alico in the 2nd quarter worth $268,000. Raymond James Financial Inc. bought a new stake in shares of Alico in the 2nd quarter worth about $28,000. Finally, Jane Street Group LLC bought a new stake in shares of Alico in the 2nd quarter worth about $439,000. 62.28% of the stock is owned by hedge funds and other institutional investors.

About Alico

Alico, Inc is an agribusiness and land management company headquartered in Fort Myers, Florida. The company owns and manages over 110,000 acres of land in southwestern Florida, with operations focused on citrus groves, sugarcane production, forestry and other row crops. Alico leverages its extensive land holdings to support integrated agricultural and environmental stewardship practices.

In its citrus division, Alico cultivates and markets fresh oranges for both the retail and processing markets, while its sugarcane segment supplies raw cane to domestic sugar mills.

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