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.
Companies Reporting Before The Bell • Ollie's Bargain Outlet (NASDAQ:OLLI) is estimated to report quarterly earnings at $0.44 per share on revenue of $468.55 million.
Alico plans to create profitable agricultural revenue opportunities that are not citrus-related until the Highest and Best Use for these acres can be realized. The company has decided to not spend further capital on its citrus operations after the current crop is harvested in 2025.
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.
Companies Reporting Before The Bell • Madison Square Garden (NYSE:MSGE) is expected to report quarterly loss at $0.80 per share on revenue of $301.83 million.
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.
