Alico stated on March 13, 2023 that its Board of Directors declared regular quarterly dividend $0.05 per share ($0.20 annualized). Previously, the company paid $0.50 per share.
The shares must have been purchased before the ex-split date of March 30, 2023, to qualify for the dividend. Shareholders of record through March 31, 2023 will receive the payment on April 14, 2023.
At the current share price of $25.26/share, the stock’s dividend yield is 0.79%. Looking back five years and taking one sample each week, the average dividend yield has been 2.47%, with a low of 0.65%, and a high of 7.21%. The standard deviation of the yield is 2.20 (n = 235).
The current dividend yield is 0.76 standard deviations below the historical average.
Additionally, the company has a dividend payout ratio of -1.85. The payout ratio tells us how much of a company’s earnings is paid out in dividends. A payout ratio of one (1.0) means that 100% of the company’s earnings are paid out in dividends. A payout ratio greater than one means the company is dipping into savings to maintain its dividend — not a healthy situation. Companies with some growth potential are expected to pay out most of their earnings in dividends, which typically have a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some of the earnings to invest in those growth prospects, which translates into a payout ratio of zero to 0.5.
The company’s 3-year dividend growth rate is -0.44%.
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Analyst Price Forecast Indicates 29.22% Upside
By March 14, 2023, average one year price target For Aliko it’s $32.64. Forecasts range from a low of $32.32 to a high of $33.60. The average price target represents an upside of 29.22% from its latest reported closing price of $25.26.
see our Leaderboard of companies With the biggest price target on the upside.
Estimated annual revenue for Alico is $107MM, a growth of 22.24%. Estimated Annual Non-GAAP eps
What is Fund Sentiment?
there are Reporting of 221 fund or institution positions In Eliko. This is a decrease of 5 owners or 2.21% over the previous quarter. average portfolio weight of all funds 0.09% devoted to ALCO, a shortfall of 13.62%. The total shares owned by the institutions decreased by 6.62% to 3,755K shares in the last three months.
What are the big shareholders doing?
Pacific Ridge Capital Partners
The company holds 197K shares representing 2.59% ownership. In its prior filing, the firm reported owning 201K shares, representing
of 1.86%. Firm
fell short of
Its portfolio allocation in Alcoa has increased by 99.92% as compared to the previous quarter.
Holds 190K shares representing 2.50% ownership of the company. In its prior filing, the firm reported representing 175K shares.
of 7.89%. Firm
fell short of
Its portfolio allocation in alco has increased by 1.83% as compared to the previous quarter.
VTSMX – Vanguard Total Stock Market Index Fund Investor Shares
The company holds 170K shares representing 2.24% ownership. In its prior filing, the firm reported representing 128K shares.
of 24.65%. Firm
Its portfolio allocation in alco has increased by 3.60% as compared to the previous quarter.
There are 152K shares representing 2.00% ownership of the company. In its prior filing, the firm reported representing 65K shares.
of 57.18%. Firm
Its portfolio allocation in ALCO has increased by 121.21% as compared to the previous quarter.
IWM – iShares Russell 2000 ETF
The company holds 139K shares representing 1.83% ownership. In its prior filing, the firm reported representing 133K shares.
fell short of
Its portfolio allocation in ALCO has increased by 20.06% as compared to the previous quarter.
Alico background information
(This description is provided by the company.)
Alico, Inc. It primarily operates two divisions: Alico Citrus, one of the nation’s largest citrus growers, and Land Management and Other Operations, which includes environmental services, land leasing and related support operations.
This story originally appeared on fintail,
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