Alico (ALCO) Announces Substantial Increase in Dividend, Additional Ranch Land Sales

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Alico, Inc. Announces Substantial Increase in Dividend, Additional Ranch Land Sales and Update on ESG Initiative

June 14, 2021 8:30 AM EDT

FORT MYERS, Fla., June 14, 2021 (GLOBE NEWSWIRE) -- Alico, Inc. (Alico or the Company) (Nasdaq: ALCO) today announces significant activities that will continue to support its business strategy and generate greater returns for our shareholders.  

The Alico Board of Directors approved an increase in the quarterly dividend from $0.18 per common share to $0.50 per common share, which represents an approximate 178% increase, effective the third quarter of fiscal year 2021. Our current common dividend yield based on Fridays, June 11, 2021 closing stock price was 2.26%, at the same share price, the increased annual common dividend yield would... More