Alico, Inc. declared a $0.05/share quarterly dividend with a 0.70% yield and a 42.6% payout ratio.

Alico, Inc. announced a quarterly dividend of $0.05 per share, an annualized $0.20 and a 0.70% yield, with the ex-dividend date on March 27th and payment on April 11th. The company has a 42.6% payout ratio, covering earnings. Despite a 23.7% annual reduction in dividends over three years, Alico's market cap is $217.25m, with a P/E ratio of 4.55 and a beta of 0.85. Shares fell $0.14 on March 18th to $28.51.

March 25, 2024
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