Decreased Earnings, Adjusted Dividends: Alico Ensures Stability for Shareholders through Managed Dividend Reductions
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.
Alico Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-12-28 | 4 | $0.05 | 0.67% | 2023-12-08 | 2023-12-29 | 2024-01-12 |
| 2023-09-28 | 4 | $0.05 | 0.83% | 2023-09-15 | 2023-09-29 | 2023-10-13 |
| 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 |
Alico lags behind its industry peers in terms of dividend yield, with Brasilagro - Cia Bras (NYSE:LND) surpassing it with a higher annualized dividend yield of 12.76%.
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
Investors witnessed a decline in the company's dividend per share from $0.45 in 2020 to $0.20 in 2023. This downward trend in dividend payouts necessitates a comprehensive investigation to identify the reasons behind the decrease.
YoY Earnings Growth For Alico
The earnings chart displays a decline in Alico's earnings per share, decreasing from $0.23 in 2020 to $-3.22 in 2023. This downward trend in earnings raises concerns for income-seeking investors, as it suggests a potential impact on future cash dividend payouts. It is important to closely evaluate the factors contributing to this decrease to assess the company's financial health and dividend sustainability.
Recap
This article provides an in-depth analysis of Alico's recent dividend distribution and the impact it has on shareholders. The company is currently distributing a dividend of $0.05 per share, resulting in an annualized dividend yield of 0.67%.
Alico lags behind its industry peers in terms of dividend yield, with Brasilagro - Cia Bras surpassing it with a higher annualized dividend yield of 12.76%.
The decrease in both dividend per share and earnings per share from 2020 to 2023 for Alico suggests financial challenges, which may require a cautious approach in distributing profits to shareholders.
Keeping a vigilant eye on the company's performance in the coming quarters will allow investors to stay current with any variations in financials or dividend disbursements.
[Monitor live stock price updates for Alico on Benzinga.](https://www.benzinga.com/quote/Alico (NASDAQ: ALCO))
This article was generated by Benzinga's automated content engine and reviewed by an editor.