Alico, Inc. (NASDAQ:ALCO – Get Free Report) announced a quarterly dividend on Tuesday, September 8th. Stockholders 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 annualized dividend and a dividend yield of 0.5%. The ex-dividend date of this dividend is Friday, October 2nd.
Alico has decreased its dividend by an average of 0.1%annually over the last three years.
Alico Stock Performance
ALCO opened at $38.50 on Wednesday. Alico has a 1 year low of $31.32 and a 1 year high of $45.01. The stock has a market cap of $285.67 million, a PE ratio of 175.01 and a beta of 0.92. The company has a current ratio of 7.96, a quick ratio of 7.93 and a debt-to-equity ratio of 0.81. The stock’s 50 day simple moving average is $39.48 and its 200-day simple moving average is $40.52.
Analysts Set New Price Targets
Several research firms have recently weighed in on ALCO. Freedom Capital raised Alico from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 11th. Weiss Ratings upgraded Alico from a “sell (d)” rating to a “hold (c-)” rating in a research note on Tuesday, August 11th. One equities research 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, the company has an average rating of “Buy” and a consensus target price of $45.00.
Check Out Our Latest Research Report on ALCO
About Alico
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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