Latest news with #AlicoCitrus
Yahoo
8 hours ago
- Business
- Yahoo
Alico Delivers Dividend Stability Amid Market Volatility
Alico, Inc. (NASDAQ:ALCO) is among the best bear market stocks to buy according to analysts. On Friday, Alico, Inc. (NASDAQ:ALCO) announced a quarterly cash dividend of $0.05 per share for the third quarter of fiscal year 2025, representing a 0.63% dividend yield. This payment will be made to the shareholder on record as of June 27, 2025, with the distribution scheduled for July 11, 2025. In general, Alico, Inc. (NASDAQ:ALCO) has sustained dividends for the last 21 years, signaling a commitment to shareholder value. The current dividend allocation reinforces this dedication to shareholder returns and ongoing financial strategies. A worker harvesting citrus fruits in an orchard, the sun illuminating the bright hues of the trees. For many, the company's plans appear to be a 'game changer'. Alico, Inc. (NASDAQ:ALCO) has recently made significant changes to its business model by structuring its land for development purposes and winding down its citrus operations due to environmental concerns and citrus greening disease. For investors, valuing this long-term repurposing, Alico seems to be heading north. Alico, Inc. (NASDAQ:ALCO), incorporated in 1960, is an agribusiness and land management company. This Florida-based giant has two main segments: Alico Citrus and Land Management & Other Operations. With a commitment to create value for its customers and shareholders, the company produces high-quality agricultural products using environmentally friendly practices. While we acknowledge the potential of ALCO as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: The Best and Worst Dow Stocks for the Next 12 Months and 10 Unstoppable Stocks That Could Double Your Money. Disclosure: None.
Yahoo
26-03-2025
- Business
- Yahoo
Alico, Inc. to Present at the 15th Annual LD Micro Invitational
FORT MYERS, Fla., March 26, 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 present and host one-on-one meetings with investors at the 15th Annual LD Micro Invitational. This event will take place at The Westin Grand Central in New York on April 9 and 10, 2025. Alico's presentation will begin at 9:00AM ET on Thursday, April 10, 2025. Management will also host one-on-one meetings with investors on Thursday, April 10, 2025. This year's LD Micro Invitational is expected to feature presentations from 50 companies, with the opportunity for private one-on-one meetings. Alico's presentation will be available to view here. To register for the conference or request a one-on-one meeting with Mr. Kiernan, please visit here. About Alico Alico, Inc. currently operates two divisions: Alico Citrus, currently one of the nation's largest citrus producers, and Land Management and Other Operations, which include land leasing and related support operations. While Alico Citrus will cease operations after the 2024/2025 harvest due to environmental and financial challenges, Alico remains committed to Florida's agriculture industry, and will focus on its long-term diversified land usage and real estate development strategy. Learn more about Alico (Nasdaq: 'ALCO') at About LD Micro LD Micro aims to be the most essential resource in the micro-cap world. Whether it is the Index, comprehensive data, or hosting the most significant events annually, LD's sole mission is to serve as an invaluable asset for all those interested in finding the next generation of great companies. To learn more about LD Micro, visit Investor Contact:John MillsICR(646) 277-1254InvestorRelations@ Brad HeineChief Financial Officer(239) 226-2000bheine@ in to access your portfolio
Yahoo
03-03-2025
- Business
- Yahoo
Alico to Discuss Strategic Transformation Progress at the 37th Annual ROTH Conference
Management to host one-on-one meetings with investors on March 17th and 18th 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 million Plans for monetizing select land assets, with $20 million in transactions expected to close in fiscal 2025 Development of alternative agricultural revenue streams through leasing arrangements and seasonal crops Remaining open to opportunistic land sales for properties About Alico Alico, Inc. currently operates two divisions: Alico Citrus, currently one of the nation's largest citrus producers, and Land Management and Other Operations, which include land leasing and related support operations. While Alico Citrus will wind down operations after the current crop is harvested in the first half of calendar year 2025, due to environmental and financial challenges, Alico remains committed to Florida's agriculture industry, and will focus on its long-term diversified land usage and real estate development strategy. Learn more about Alico (Nasdaq: 'ALCO') at Forward Looking Statements This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements include, but are not limited to, statements regarding the Company's strategic transformation, the Company's future cash flow and cash reserves, the future use and estimated value of the Company's land holdings, the Company's ability to obtain requisite local, state, and federal approval of the development application[s] and execute on its plan to develop 'The Villages in Corkscrew Grove', the Company's expected future profitable growth, expectations for the management of certain acres by third-party caretakers, and any other statements relating to our future activities or other future events or conditions. These statements are based on our current expectations, estimates and projections about our business based, in part, on assumptions made by our management and can be identified by terms such as 'if,' 'will,' 'should,' 'expects,' 'plans,' 'hopes,' 'anticipates,' 'could,' 'intends,' 'targets,' 'projects,' 'contemplates,' 'believes,' 'estimates,' 'forecasts,' 'predicts,' 'potential' or 'continue' or the negative of these terms or other similar expressions. These forward-looking statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may differ materially from what is expressed or forecasted in the forward-looking statements due to numerous factors, including, but not limited to: our implementation of our planned strategic transformation; our plan to wind down our citrus production operations to focus on our long-term diversified land usage and real estate development strategy; our ability to secure necessary regulatory approvals and permits for land development projects, effectively manage and allocate resources to new business initiatives, attract and retain skilled personnel with expertise in diversified land usage and real estate development, navigate potential market fluctuations and economic conditions, maintain strong relationships with lenders and continue to satisfy covenants and conditions under current loan agreements and address potential environmental and zoning issues, and other challenges inherent in real estate development; our ability to increase our revenues from land usage and real estate development; adverse weather conditions, natural disasters and other natural conditions, including the effects of climate change and hurricanes and tropical storms; risks related to our expected significant revenue shift to real estate development and diversified farming operations; our ability to effectively perform grove management services, or to effectively manage our portfolio of groves; our relationship with Tropicana; if certain criteria are not met under one of our contracts with Tropicana, we could experience a significant reduction in revenues and cash flows; product contamination and product liability claims; water use regulations restricting our access to water; changes in immigration laws; harm to our reputation; tax risks associated with a Section 1031 Exchange; risks associated with the undertaking of one or more significant corporate transactions; the seasonality of our citrus business; fluctuations in our earnings due to market supply and prices and demand for our products; climate change, or legal, regulatory, or market measures to address climate change; Environmental, Social and Governance issues, including those related to climate change and sustainability; increases in labor, personnel and benefits costs; increases in commodity or raw product costs, such as fuel and chemical costs; transportation risks; any change or the classification or valuation methods employed by county property appraisers related to our real estate taxes; liability for the use of fertilizers, pesticides, herbicides and other potentially hazardous substances; compliance with applicable environmental laws; loss of key employees; material weaknesses and other control deficiencies relating to our internal control over financial reporting; macroeconomic conditions, such as rising inflation and the deadly conflicts in Ukraine and Israel; system security risks, data protection breaches, cybersecurity incidents and systems integration issues; our indebtedness and ability to generate sufficient cash flow to service our debt obligations; higher interest expenses as a result of variable rates of interest for our debt; our ability to continue to pay cash dividends; and certain of the other factors described under the sections "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" included in our Quarterly Report on Form 10-Q for the fiscal quarter ended December 31, 2024 filed with the Securities and Exchange Commission (the 'SEC') on February 12, 2025. Except as required by law, we do not undertake an obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments, or otherwise. Investor Contact:John MillsICR(646) 277-1254InvestorRelations@ Brad HeineChief Financial Officer(239) 226-2000bheine@
Yahoo
28-01-2025
- Business
- Yahoo
Alico, Inc. to Participate at Inaugural LD Micro Summit
FORT MYERS, Fla., Jan. 28, 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 inaugural LD Micro Summit, a private, invite-only event designed to showcase a hand-picked group of dynamic companies. The conference will take place on Monday, February 3rd and Tuesday, February 4th, 2025 in Fort Lauderdale, FL. To register for the conference or one-on-one meeting, visit here. About Alico Alico, Inc. currently operates two divisions: Alico Citrus, currently one of the nation's largest citrus producers, and Land Management and Other Operations, which include land leasing and related support operations. While Alico Citrus will cease operations after the 2024/2025 harvest due to environmental and financial challenges, Alico remains committed to Florida's agriculture industry, and will focus on its long-term diversified land usage and real estate development strategy. Learn more about Alico (Nasdaq: 'ALCO') at Investor Contact:John MillsICR(646) 277-1254InvestorRelations@ Brad HeineChief Financial Officer(239) 226-2000bheine@
Yahoo
27-01-2025
- Business
- Yahoo
Alico, Inc. to Present at The Microcap Conference 2025
FORT MYERS, Fla., Jan. 27, 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 present and host one-on-one meetings with investors at The Microcap Conference 2025, the premier event for growth-focused companies and investors. The conference will take place on Thursday, January 30th, 2025 in Atlantic City, NJ. Management will discuss the Company's recent developments, growth strategy, and investment opportunities. To register for the conference or one-on-one meeting, visit About Alico Alico, Inc. currently operates two divisions: Alico Citrus, currently one of the nation's largest citrus producers, and Land Management and Other Operations, which include land leasing and related support operations. While Alico Citrus will cease operations after the 2024/2025 harvest due to environmental and financial challenges, Alico remains committed to Florida's agriculture industry, and will focus on its long-term diversified land usage and real estate development strategy. Learn more about Alico (Nasdaq: 'ALCO') at About The Microcap Conference 2025 The Microcap Conference is the largest independent microcap event in the U.S., bringing together top-tier investors and executives from microcap companies. The event offers a platform for companies to showcase their value propositions through presentations, one-on-one meetings, and networking opportunities. The 2025 event will feature: Keynote Speakers: Renowned industry figures, including Jon Ledecky, Co-Owner of the New York Islanders, who will engage in a fireside chat with CNBC's Bob Pisani; plus Tom Gardner, CEO of Motley Fool, who will share insights on investing, market trends, and entrepreneurial success. Expert Panels and Presentations: Financial commentators Ron Insana (CNBC) and Charlie Gasparino (FOX Business) will cover critical topics for the US equity markets, from capital formation to regulatory updates and market trends. Entertainment Headliner: A special performance by Tom Papa, celebrated comedian and host of Netflix specials, ensuring a memorable evening for attendees. Hosted by DealFlow Events, The Microcap Conference is renowned for its blend of high-quality content, engaging networking, and exceptional entertainment. For more information, visit Investor Contact:John MillsICR(646) 277-1254InvestorRelations@ Brad HeineChief Financial Officer(239) 226-2000bheine@ in to access your portfolio
