Alico, Inc. (ALCO) To Go Ex-Dividend on June 28th

Alico, Inc. (NASDAQ:ALCO) announced a quarterly dividend on Friday, June 14th, Zacks reports. Investors of record on Friday, June 28th will be given a dividend of 0.05 per share on Friday, July 12th. This represents a $0.20 annualized dividend and a yield of 0.77%. The ex-dividend date of this dividend is Friday, June 28th.

Alico has decreased its dividend payment by an average of 23.7% annually over the last three years. Alico has a 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. Analysts expect Alico to earn ($0.37) per share next year, which means the company may not be able to cover its $0.20 annual dividend with an expected future payout ratio of -54.1%.

Alico Stock Up 1.7 %

ALCO stock traded up $0.42 during mid-day trading on Wednesday, hitting $25.81. 8,894 shares of the company were exchanged, compared to its average volume of 25,929. The company has a market capitalization of $196.67 million, a PE ratio of 4.94 and a beta of 0.84. The company has a current ratio of 2.55, a quick ratio of 1.08 and a debt-to-equity ratio of 0.30. Alico has a twelve month low of $23.22 and a twelve month high of $31.00. The firm has a fifty day simple moving average of $26.67 and a 200 day simple moving average of $28.00.

Alico (NASDAQ:ALCO) last released its quarterly earnings results on Monday, May 6th. The company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of ($0.15) by $0.40. Alico had a net margin of 99.63% and a negative return on equity of 8.22%. The company had revenue of $18.11 million for the quarter, compared to the consensus estimate of $40.60 million. On average, research analysts forecast that Alico will post -5.6 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Alico from a “hold” rating to a “sell” rating in a research report on Wednesday, May 15th.

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.