ALCO - Dividend announcements

FORT MYERS, Fla., April 30, 2026 (GLOBE NEWSWIRE) -- Alico, Inc., ("Alico" or the "Company") (NASDAQ:ALCO) today announced it has received unanimous approval from the Collier County Board of County Commissioners for the Stewardship Receiving Area (SRA) and companion Stewardship Sending Area (SSA) 22 for Corkscrew Grove East Village. The April 28, 2026 vote represents a significant regulatory milestone for the initial development project of the Corkscrew Grove Villages master-planned community, which the Company believes has the potential to be a transformative development project located at the intersection of Collier, Lee and Hendry counties in Southwest Florida. With local entitlements

FORT MYERS, Fla., Jan. 15, 2026 (GLOBE NEWSWIRE) -- Alico, Inc., ("Alico" or the "Company") (NASDAQ:ALCO) today announced the completion of a large grove sale representing approximately 2,950 acres and significant progress in its plans to generate cashflow from its agricultural assets, further advancing its strategic transformation from traditional citrus operations to a diversified land company. The Company closed on the sale of a large citrus grove in Hendry County representing approximately 2,950 acres for $26.8 million in gross proceeds, marking another milestone in its land monetization strategy. Combined with previously announced transactions completed in early fiscal year 2026, inc

FORT MYERS, Fla., Nov. 03, 2025 (GLOBE NEWSWIRE) -- Alico Inc., ("Alico" or the "Company") (NASDAQ:ALCO) a Southwest Florida-based agribusiness and land management company with over 125 years of experience, has announced a strategic partnership with the Florida Department of Transportation ("FDOT") and its construction contractor to design and construct a wildlife underpass as part of a planned expansion of State Road 82 to four lanes in Collier County. The wildlife underpass will align with a proposed wildlife corridor connected to the Corkscrew Grove Villages project in eastern Collier County. Alico has committed approximately $5 million toward design and construction costs related to t

FORT MYERS, Fla., Oct. 01, 2025 (GLOBE NEWSWIRE) -- Alico, Inc. ("Alico" or "the Company") (NASDAQ:ALCO) today announced that effective September 29, 2025, it has amended its Credit Agreement (the "Amendment") with MetLife Investment Management, LLC for each of Metropolitan Life Insurance Company and New England Life Insurance Company (collectively "MetLife"), which, among other things, provides for $10 million of additional fixed rate borrowings. The proceeds of these borrowings were used to retire all of the Company's existing indebtedness with Prudential Mortgage Capital Company, LLC ("Prudential"). John Kiernan, President and Chief Executive Officer of the Company, stated, "This refin

FORT MYERS, Fla., June 25, 2025 (GLOBE NEWSWIRE) -- Alico, Inc. ("Alico" or the "Company") (NASDAQ:ALCO), a Southwest Florida-based agribusiness and land management company with over 125 years of experience as stewards of its lands, applauds Gov. Ron DeSantis for signing House Bill 4041. The bill, which takes effect immediately, creates the Corkscrew Grove Stewardship District, an independent special district responsible for the construction, operations and maintenance of community infrastructure in eastern Collier County. The enabling legislation was sponsored by Rep. Lauren Melo, a Naples Republican, and received unanimous support from the Collier County Legislative Delegation, the Flor

FORT MYERS, Fla., April 01, 2025 (GLOBE NEWSWIRE) -- Alico, Inc. ("Alico" or "the Company") (NASDAQ:ALCO) today announced it has entered into an Amendment No. 7 (the "Amendment") to the First Amended and Restated Credit Agreement, between the Company, and by MetLife Investment Management, LLC for each of Metropolitan Life Insurance Company and New England Life Insurance Company, dated as of December 1, 2014 and as amended to date (collectively, the "Credit Agreement"). The Amendment, which became effective March 31, 2025, adjusts certain financial covenants to support the Company's evolving business model as it progresses through its strategic transformation. Among other items, the Amendm

FORT MYERS, Fla., March 03, 2025 (GLOBE NEWSWIRE) -- Alico, Inc. ("Alico" or the "Company") (NASDAQ:ALCO) today announced that John Kiernan, the Company's President and Chief Executive Officer, will host one-on-one meetings with investors at the 37th Annual ROTH Conference at the Laguna Cliffs Marriott in Dana Point, California on March 17 and 18, 2025. Management will provide an update on the execution of Alico's recently announced strategic transformation, including: Progress on transitioning to a diversified land management company, with estimated portfolio value of $650-$750 millionPlans for monetizing select land assets, with $20 million in transactions expected to close in fiscal 2

FORT MYERS, Fla., Oct. 17, 2024 (GLOBE NEWSWIRE) -- Initial assessments indicate that Alico, Inc. sustained minimal tree damage from Hurricane Milton last week. Most importantly, we are grateful that none of our approximately 197 employees were casualties from this devastating storm in Florida last week. The full impact of Hurricane Milton on Alico's assets and operations is still being assessed at this time, but we believe the lessons learned over the past century, especially since Hurricane Irma in 2017 and Ian in 2022, allowed us to be better prepared prior to landfall and to more rapidly begin recovery after impact. Our disaster programs and protocols, our dedicated workforce, and exp

FORT MYERS, Fla., Sept. 17, 2024 (GLOBE NEWSWIRE) -- Alico, Inc. ("Alico") (NASDAQ:ALCO) announced that, effective September 17 2024, it has amended its Credit Agreement (the "Amendment") with Metropolitan Life Insurance Company, and New England Life Insurance Company (collectively "MetLife"), which, among other things (i) increases the borrowing capacity under the revolving line of credit (the "RLOC") from $25 million to $95 million and (ii) now extends the maturity date of the RLOC to May 1, 2034. The RLOC is secured by real property, consisting of approximately 36,800 gross acres of citrus land. In addition, in connection with the Amendment, the Company paid off its current borrowings u

FORT MYERS, Fla., June 10, 2024 (GLOBE NEWSWIRE) -- Alico, Inc. ("Alico" or the "Company") (NASDAQ:ALCO) today announced that it entered into a new agreement with its largest customer to supply citrus fruit. This agreement is effective June 5, 2024 through July 31, 2027, subject to its terms and conditions. This supply agreement succeeds existing agreements that are set to expire at the end of July 2024. This agreement effectively sells the citrus fruit grown on approximately 65% of Alico's currently planted acres to Tropicana Brands Group ("Tropicana") at prices per pound solids that are approximately 33% to 50% higher over the term of the contract than the average price for all the citr

FORT MYERS, Fla., May 28, 2024 (GLOBE NEWSWIRE) -- Alico, Inc. ("Alico") has announced that Mitch Hutchcraft is joining the company in a newly created position as Executive Vice President of Real Estate, effective as of today. In 2022, Alico began a process to analyze the long-term potential for its approximately 54,500 acres of real estate located in seven counties throughout Florida. As a publicly held company, Alico seeks to provide its investors with the benefits and stability of a conventional agriculture investment, with the optionality that comes with active land management.  Alico is committed to remaining the largest citrus grower in Florida and is continuing its current citrus

FORT MYERS, Fla., Jan. 05, 2024 (GLOBE NEWSWIRE) -- Alico, Inc. ("Alico" or the "Company") (NASDAQ:ALCO) announced today that John Kiernan, the Company's Chief Executive Officer and President, will attend the 26th ICR Conference in Orlando, Florida from the 8th through 9th of January. ABOUT ALICO Alico Inc. has over 125 years of experience in agriculture, and currently manages 49,000 acres of citrus groves in 7 counties across 31 locations. Alico continues to be the top citrus grower in the U.S. and the primary supplier to Tropicana, a leading orange juice brand in the country. Alico is known within the citrus industry for our exceptional caretaking practices, which recently resulted in a

FORT MYERS, Fla., Nov. 13, 2023 (GLOBE NEWSWIRE) -- Alico, Inc. ("Alico" or the "Company") (NASDAQ:ALCO) announced today that John Kiernan, the Company's Chief Executive Officer and President, and Bradley Heine, the Company's Chief Financial Officer, will attend the 3rd Annual AGTech Answers Conference, held in New York, NY, on November 14, 2023. COMPANY HISTORY Over 125 years of experience, currently managing approximately 50,000 acres of citrus groves in 31 locations across 7 counties.Top citrus grower in the US and primary supplier to Tropicana, a leading orange juice brand in the US.Recognized within the citrus industry for exceptional caretaking practices, one result being a new par

FORT MYERS, Fla., Sept. 30, 2022 (GLOBE NEWSWIRE) -- Alico, Inc. remains strong following the historic Hurricane Ian. Most importantly, we are grateful that none of our 200+ employees were casualties from this devastating storm in Southwest Florida this week.  The full impact of Hurricane Ian on Alico's assets and operations is still being assessed at this time, but we believe the lessons learned over the past 125 years, especially since Hurricane Irma in 2017, allowed us to be better prepared prior to landfall and to more rapidly begin recovery after impact. The implementation of our disaster programs, our dedicated workforce, and experienced management appear to have limited the damage t

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 Friday's, June 11, 2021 closing stock price was 2.26%, at the same share price, the increased annual common dividend yield would exceed 6%. In our press release dated May 5, 202

FORT MYERS, Fla., May 05, 2021 (GLOBE NEWSWIRE) -- Alico, Inc. ("Alico" or the "Company") (NASDAQ:ALCO) today announces significant enhancements that are expected to generate greater returns for our shareholders.   In November 2017, the Company announced the Alico 2.0 Modernization Program, which improved the operational efficiencies and optimized asset returns of Alico. Highlights included: Transformed three legacy citrus businesses into a single optimized enterprise now known as Alico Citrus.Reduced operating and G&A costs by 19% without negative impact on business operations.Planted approximately 1.5 million trees over the past four years, which are expected to steadily increase produ

FORT MYERS, Fla., April 15, 2021 (GLOBE NEWSWIRE) -- Alico, Inc. ("Alico" or the "Company") (NASDAQ:ALCO) today announces the State of Florida purchased, under the Florida Forever program, approximately 5,734 acres of Alico Ranch for $14.4 million, pursuant to an option agreement entered into between the State of Florida and Alico earlier this fiscal year. John Kiernan, Alico's President and Chief Executive Officer, commented, "We are pleased that the State of Florida has continued to purchase parcels within the Alico Ranch. This is now the third sales transaction we have completed with the State of Florida within the last three years, aggregating over 22,000 acres. Alico intends to use