Alico, Inc. (NASDAQ:ALCO) announced a quarterly dividend on Thursday, November 16th, Wall Street Journal reports. Shareholders of record on Friday, December 29th will be given a dividend of 0.06 per share on Tuesday, January 16th. This represents a $0.24 dividend on an annualized basis and a yield of 0.80%. The ex-dividend date of this dividend is Thursday, December 28th.
Shares of Alico (NASDAQ:ALCO) opened at $30.15 on Friday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.89 and a current ratio of 4.16. The firm has a market capitalization of $247.33, a P/E ratio of -26.45 and a beta of 1.33. Alico has a 1-year low of $25.50 and a 1-year high of $34.80.
An institutional investor recently raised its position in Alico stock. State Street Corp raised its stake in shares of Alico, Inc. (NASDAQ:ALCO) by 4.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 53,051 shares of the company’s stock after purchasing an additional 2,051 shares during the quarter. State Street Corp owned 0.64% of Alico worth $1,661,000 as of its most recent filing with the Securities and Exchange Commission. 74.57% of the stock is owned by institutional investors and hedge funds.
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Alico Company Profile
Alico, Inc is an agribusiness and natural resources management company. The Company’s segments include Orange Co, Conservation and Environmental Resources and, Other Operations. Its principal lines of business are citrus groves, cattle ranching and conservation. The Orange Co segment includes activities related to planting, owning, cultivating and/or managing citrus groves in order 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.
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