Alico Inc is a publicly traded agricultural company primarily engaged in the cultivation and production of citrus fruits, focusing on oranges and grapefruits, which are primarily sold to the juice and fresh fruit markets. The company operates extensive agricultural fields in Florida, utilizing advanced farming techniques and technologies to enhance crop yield and sustainability. In addition to its core citrus operations, Alico Inc is also involved in land management and may engage in activities related to real estate, focusing on maximizing the value of its agricultural properties. Through its initiatives, the company aims to contribute to the agricultural sector while addressing environmental sustainability challenges.
The second Category 5 storm of the 2024 hurricane season named Hurricane Milton is threatening large-scale destruction, as it quickly graduated from Category 1 status and is approaching the state of Florida.
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By the close of today, January 12, 2024, Alico (NASDAQ:ALCO) will issue a dividend payout of $0.05 per share, resulting in an annualized dividend yield of 0.67%. Only those investors who owned the stock prior to the ex-dividend date on December 28, 2023 will receive this payout.
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Alico operates as an agribusiness and land management company in the United States. Alico cultivates citrus trees to produce citrus for delivery to the processed and fresh citrus markets.
