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

Key Points

• Alico declared a quarterly dividend of $0.05 per share, payable October 16 to shareholders of record October 2. The annualized dividend is $0.20, representing a 0.5% yield.
• Alico reported quarterly EPS of $0.29, exceeding analyst expectations for a $0.74 loss, while revenue reached $9.04 million versus the $2.75 million consensus estimate.
• Analyst sentiment is generally positive, with an average “Buy” rating and a consensus price target of $45, compared with the stock’s opening price of $38.50.

Alico, Inc. (NASDAQ:ALCO - Get Free Report) announced a quarterly dividend on Tuesday, September 8th. Shareholders of record on Friday, October 2nd will be given a dividend of $0.05 per share on Friday, October 16th. This represents a $0.20 dividend on an annualized basis and a yield of 0.5%. The ex-dividend date of this dividend is Friday, October 2nd.

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

Alico Trading Down 1.7%

Shares of Alico stock opened at $38.50 on Wednesday. The firm has a market capitalization of $285.67 million, a PE ratio of 175.01 and a beta of 0.92. The company has a debt-to-equity ratio of 0.81, a current ratio of 7.96 and a quick ratio of 7.93. The company's fifty day moving average price is $39.48 and its two-hundred day moving average price is $40.52. Alico has a 52-week low of $31.32 and a 52-week high of $45.01.

Alico (NASDAQ:ALCO - Get Free Report) last released its quarterly earnings data on Monday, August 10th. The company reported $0.29 EPS for the quarter, topping analysts' consensus estimates of ($0.74) by $1.03. Alico had a net margin of 8.98% and a negative return on equity of 20.77%. The company had revenue of $9.04 million during the quarter, compared to the consensus estimate of $2.75 million. On average, analysts expect that Alico will post -3.27 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. Weiss Ratings raised shares of Alico from a "sell (d)" rating to a "hold (c-)" rating in a research report on Tuesday, August 11th. Freedom Capital upgraded Alico from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 11th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, Alico presently has an average rating of "Buy" and a consensus target price of $45.00.

Alico Company Profile

Alico, Inc NASDAQ: ALCO is an agribusiness and land management company focused primarily on citrus production in Florida. Through its agricultural operations, the company grows, harvests and sells citrus, including oranges, grapefruit and specialty citrus varieties, for use in fresh markets and juice processing.

The company also manages and develops its land holdings for agricultural and other purposes. Its operations include citrus grove management, land conservation and related activities, with revenues influenced by crop yields, weather conditions, citrus disease and market demand.

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