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

Alico, Inc. (NASDAQ:ALCOGet Free Report) declared a quarterly dividend on Monday, June 15th. Investors of record on Thursday, July 2nd will be given a dividend of 0.05 per share on Thursday, July 16th. This represents a c) annualized dividend and a yield of 0.5%. The ex-dividend date is Thursday, July 2nd.

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

Alico Price Performance

NASDAQ:ALCO traded down $0.11 during mid-day trading on Tuesday, hitting $40.20. The company’s stock had a trading volume of 15,036 shares, compared to its average volume of 25,471. Alico has a fifty-two week low of $30.94 and a fifty-two week high of $45.01. The company has a current ratio of 9.63, a quick ratio of 9.39 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $298.28 million, a price-to-earnings ratio of -16.34 and a beta of 0.93. The stock has a fifty day moving average of $41.62 and a 200-day moving average of $39.84.

Alico (NASDAQ:ALCOGet Free Report) last posted its quarterly earnings results on Monday, May 11th. The company reported $1.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.09 by $0.40. Alico had a negative net margin of 115.00% and a negative return on equity of 38.92%. The firm had revenue of $5.34 million during the quarter, compared to analyst estimates of $2.45 million. As a group, equities analysts forecast that Alico will post -3.52 EPS for the current fiscal year.

Institutional Trading of Alico

Several hedge funds have recently modified their holdings of the stock. Osaic Holdings Inc. grew its stake in shares of Alico by 24.2% during the second quarter. Osaic Holdings Inc. now owns 1,611 shares of the company’s stock valued at $53,000 after purchasing an additional 314 shares during the last quarter. Prescott Group Capital Management L.L.C. grew its stake in shares of Alico by 1.9% during the fourth quarter. Prescott Group Capital Management L.L.C. now owns 20,372 shares of the company’s stock valued at $741,000 after purchasing an additional 372 shares during the last quarter. Trexquant Investment LP grew its stake in shares of Alico by 6.5% during the fourth quarter. Trexquant Investment LP now owns 6,917 shares of the company’s stock valued at $252,000 after purchasing an additional 424 shares during the last quarter. BNP Paribas Financial Markets grew its stake in shares of Alico by 86.6% during the third quarter. BNP Paribas Financial Markets now owns 1,030 shares of the company’s stock valued at $36,000 after purchasing an additional 478 shares during the last quarter. Finally, UBS Group AG grew its stake in shares of Alico by 2.0% during the third quarter. UBS Group AG now owns 27,239 shares of the company’s stock valued at $944,000 after purchasing an additional 523 shares during the last quarter. 62.28% of the stock is owned by institutional investors.

About Alico

(Get Free Report)

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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Dividend History for Alico (NASDAQ:ALCO)

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