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

Alico, Inc. (NASDAQ:ALCO) announced 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 dividend yield of 0.68%. The ex-dividend date 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

ALCO opened at $29.39 on Wednesday. The company has a current ratio of 4.84, a quick ratio of 2.37 and a debt-to-equity ratio of 0.42. Alico has a 1 year low of $24.14 and a 1 year high of $34.08. The stock has a fifty day moving average price of $29.91 and a 200 day moving average price of $27.89. The stock has a market cap of $224.48 million, a price-to-earnings ratio of -4.96 and a beta of 0.81.

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

Wall Street Analyst Weigh In

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

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.