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Alico , Inc. (NASDAQ:ALCO), a Florida-based agribusiness company with a market capitalization of $241 million, announced today a quarterly cash dividend for the third quarter of fiscal year 2025. The Board of Directors has declared a dividend of $0.05 per share on its outstanding common stock, representing a 0.63% yield. According to InvestingPro analysis, the stock appears to be trading above its Fair Value.
Shareholders on record as of June 27, 2025, will be eligible for the dividend, with the payment date scheduled for July 11, 2025. InvestingPro data shows that Alico has maintained dividend payments for 21 consecutive years, demonstrating a strong commitment to shareholder returns despite current challenges. This information, disclosed in a recent 8-K filing with the Securities and Exchange Commission, is not intended for filing under the Securities Exchange Act of 1934 nor incorporated by reference into any subsequent filings under the Securities Act of 1933 or the Exchange Act.
The company’s announcement follows the standard procedure for reporting dividend distributions to shareholders and adheres to the regulatory requirements set forth by the SEC. Alico, Inc. specializes in agricultural production and crops, maintaining strong liquidity with a current ratio of 5.56, and it has a long history that includes several name changes, with the most recent being in 1992 when it adopted its current name.
Investors and shareholders of Alico, Inc. can expect the dividend to be disbursed in early July, as per the company’s communicated schedule. The declaration of dividends is a common practice among publicly traded companies, serving as a way to return value to shareholders.
This dividend declaration reflects Alico, Inc.’s ongoing financial strategies and commitment to shareholder returns. The company’s performance and future dividend policies are subject to various factors, including market conditions and financial performance, which are regularly assessed by the Board of Directors.
In other recent news, Alico Inc. reported a significant revenue dip in its second-quarter fiscal 2025 earnings, with revenue falling to $18 million, a 1% decrease from the previous year. Despite this decline, Alico demonstrated a positive turnaround in adjusted EBITDA, achieving a gain of $12.7 million compared to a previous loss of $16.5 million. The company also recorded a net loss of $111.4 million, primarily due to $119 million in accelerated depreciation expenses. Alico has initiated a $50 million share repurchase program as part of its strategic shift from citrus operations to land management. Additionally, Alico mutually agreed to terminate a significant Orange Purchase Agreement with Tropicana Manufacturing Company, Inc., effective May 23, 2025. Both parties will fulfill their obligations for the 2024/2025 Crop Year and settle accounts by July 15, 2025. Alico’s strategic transformation includes plans for land sales, with projections of up to $50 million, and a focus on the Corkscrew Grove Villages development, which could begin construction between 2028 and 2029. Furthermore, Alico’s earnings per share of -14.58 significantly missed analyst forecasts of -0.28, primarily due to the accelerated depreciation expenses.
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