Alico, Inc. (NASDAQ:ALCO) declared a quarterly dividend on Friday, September 13th, Zacks reports. Shareholders of record on Friday, September 27th will be given a dividend of 0.06 per share on Friday, October 11th. This represents a $0.24 dividend on an annualized basis and a yield of 0.71%. The ex-dividend date is Thursday, September 26th.
Shares of ALCO traded up $0.33 during midday trading on Tuesday, hitting $33.59. 14,086 shares of the stock traded hands, compared to its average volume of 9,942. Alico has a 1-year low of $25.25 and a 1-year high of $34.69. The firm has a market capitalization of $249.16 million, a PE ratio of 12.00 and a beta of 0.77. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.57 and a current ratio of 1.89. The business’s 50 day moving average price is $31.72 and its two-hundred day moving average price is $29.35.
Alico (NASDAQ:ALCO) last announced its quarterly earnings results on Tuesday, August 6th. The company reported $2.13 earnings per share (EPS) for the quarter. Alico had a net margin of 17.99% and a return on equity of 11.76%. The company had revenue of $57.57 million during the quarter.
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 Water Resources and Other Operations. The Alico Citrus segment engages in planting, owning, cultivating, and/or managing citrus groves to produce fruits for sale to fresh and processed citrus markets, including activities related to the purchase and resale of fruit and value-added services, which comprise contracting for the harvesting, marketing, and hauling of citrus.
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