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

Alico, Inc. (NASDAQ:ALCO) declared a quarterly dividend on Friday, March 14th, Wall Street Journal reports. Shareholders of record on Friday, March 28th will be paid a dividend of 0.05 per share on Friday, April 11th. This represents a $0.20 dividend on an annualized basis and a yield of 0.68%. The ex-dividend date of this dividend is Friday, March 28th.

Alico has decreased its dividend payment by an average of 50.8% annually over the last three years.

Alico Price Performance

Shares of ALCO stock opened at $29.39 on Wednesday. The stock’s fifty day simple moving average is $29.91 and its 200 day simple moving average is $27.89. Alico has a one year low of $24.14 and a one year high of $34.08. The firm has a market cap of $224.48 million, a price-to-earnings ratio of -4.96 and a beta of 0.81. The company has a debt-to-equity ratio of 0.42, a current ratio of 4.84 and a quick ratio of 2.37.

Alico (NASDAQ:ALCO) last released its quarterly earnings results on Wednesday, February 12th. The company reported ($1.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.93) by ($0.27). Alico had a negative net margin of 91.09% and a negative return on equity of 3.01%. On average, analysts expect that Alico will post -0.37 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, StockNews.com upgraded Alico to a “sell” rating in a research report on Friday, February 14th.

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.