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

Alico, Inc. (NASDAQ:ALCO) announced a quarterly dividend on Friday, September 13th, Zacks reports. Shareholders of record on Friday, September 27th will be paid a dividend of 0.05 per share on Friday, October 11th. This represents a $0.20 annualized dividend and a yield of 0.72%. The ex-dividend date is Friday, September 27th.

Alico has decreased its dividend payment by an average of 23.7% per year over the last three years. Alico has a dividend payout ratio of -54.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Alico to earn ($0.37) per share next year, which means the company may not be able to cover its $0.20 annual dividend with an expected future payout ratio of -54.1%.

Alico Trading Down 1.3 %

NASDAQ ALCO opened at $27.78 on Wednesday. The stock has a market cap of $211.68 million, a P/E ratio of 5.29 and a beta of 0.78. The company’s fifty day simple moving average is $28.22 and its 200-day simple moving average is $27.43. The company has a current ratio of 2.67, a quick ratio of 0.90 and a debt-to-equity ratio of 0.30. Alico has a 52 week low of $23.55 and a 52 week high of $31.00.

Alico (NASDAQ:ALCO) last issued its quarterly earnings data on Monday, August 5th. The company reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of ($0.25) by ($0.02). The firm had revenue of $13.61 million during the quarter, compared to analyst estimates of $17.80 million. Alico had a negative return on equity of 6.72% and a net margin of 56.13%. Equities research analysts predict that Alico will post -5.6 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Alico to a “sell” rating in a report on Thursday, August 29th.

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.