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

Alico, Inc. (NASDAQ:ALCO) declared a quarterly dividend on Friday, June 13th, Wall Street Journal reports. Stockholders of record on Friday, June 27th will be given a dividend of 0.05 per share on Friday, July 11th. This represents a $0.20 annualized dividend and a dividend yield of 0.64%. The ex-dividend date of this dividend is Friday, June 27th.

Alico Trading Down 2.5%

Shares of NASDAQ:ALCO opened at $31.26 on Wednesday. The company’s 50-day moving average price is $30.48 and its 200 day moving average price is $29.50. The company has a market cap of $238.83 million, a PE ratio of -1.70 and a beta of 0.99. The company has a quick ratio of 4.65, a current ratio of 5.56 and a debt-to-equity ratio of 0.65. Alico has a fifty-two week low of $24.23 and a fifty-two week high of $34.08.

Alico (NASDAQ:ALCO) last announced its earnings results on Tuesday, May 13th. The company reported ($10.98) earnings per share for the quarter, missing the consensus estimate of ($0.36) by ($10.62). Alico had a negative net margin of 284.75% and a negative return on equity of 41.08%. The business had revenue of $17.98 million for the quarter, compared to the consensus estimate of $22.20 million. Sell-side analysts anticipate that Alico will post -0.37 earnings per share for the current year.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen cut shares of Alico from a “hold” rating to a “strong sell” rating in a research note on Thursday, May 22nd.

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.