Adapting to Market Pressures: Alico Supports Investors amidst Changing Profits
At the end of July 14, 2023, Alico (NASDAQ:ALCO) will reward its shareholders with a dividend payout of $0.05 per share, demonstrating an annualized dividend yield of 0.78%. Remember, only investors who held the stock before the ex-dividend date on June 29, 2023 will receive this payout.
Alico Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-06-29 | 4 | $0.05 | 0.78% | 2023-06-15 | 2023-06-30 | 2023-07-14 |
| 2023-03-30 | 4 | $0.05 | 0.79% | 2023-03-10 | 2023-03-31 | 2023-04-14 |
| 2022-12-29 | 4 | $0.05 | 0.72% | 2022-12-12 | 2022-12-30 | 2023-01-13 |
| 2022-09-29 | 4 | $0.5 | 5.97% | 2022-09-14 | 2022-09-30 | 2022-10-14 |
| 2022-06-23 | 4 | $0.5 | 4.72% | 2022-06-09 | 2022-06-24 | 2022-07-08 |
| 2022-03-24 | 4 | $0.5 | 6.14% | 2022-02-17 | 2022-03-25 | 2022-04-08 |
| 2021-12-30 | 4 | $0.5 | 5.82% | 2021-12-02 | 2021-12-31 | 2022-01-14 |
| 2021-09-23 | 4 | $0.5 | 5.56% | 2021-09-10 | 2021-09-24 | 2021-10-08 |
| 2021-06-24 | 4 | $0.5 | 6.19% | 2021-06-10 | 2021-06-25 | 2021-07-09 |
| 2021-03-25 | 4 | $0.18 | 2.31% | 2021-03-12 | 2021-03-26 | 2021-04-09 |
| 2020-12-23 | 4 | $0.18 | 2.31% | 2020-12-08 | 2020-12-24 | 2021-01-08 |
| 2020-09-24 | 4 | $0.09 | 1.19% | 2020-09-11 | 2020-09-25 | 2020-10-09 |
Compared to its industry peers, Alico's dividend yield is relatively lower, with Brasilagro - Cia Bras (NYSE:LND) having a higher annualized dividend yield of 19.24%.
Analyzing Alico Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
The company demonstrated a positive dividend growth pattern from 2019 to 2022, with the dividend per share rising from $0.27 to $1.55. This signifies the company's commitment to consistently increasing shareholder dividends.
YoY Earnings Growth For Alico
From 2019 to 2022, Alico experienced a decrease in earnings per share, dropping from $2.88 to $-0.22. This declining earnings trend may be worrisome for income-seeking investors, as it indicates a potential impact on the company's ability to sustain or increase its cash dividend payouts. Further analysis is necessary to understand the underlying reasons for this decrease.
Recap
This article takes an in-depth look at Alico's recent dividend payout and its implications for shareholders. The company is currently distributing a dividend of $0.05 per share today, translating to an annualized dividend yield of 0.78%.
Compared to its industry peers, Alico's dividend yield is relatively lower, with Brasilagro - Cia Bras having a higher annualized dividend yield of 19.24%.
With dividend per share increasing and earnings per share decreasing from 2019 to 2022, Alico seems to be emphasizing the distribution of profits to investors despite the decline in profitability.
Investors are advised to closely monitor the company's performance in the upcoming quarters to stay informed about any fluctuations in financials or dividend disbursements.
This article was generated by Benzinga's automated content engine and reviewed by an editor.