Alico board raises quarterly dividend to 50 cents a share vs. 18 cents

Alico board raises quarterly dividend to 50 cents a share vs. 18 cents
·1 min read

Alico Inc. said Monday its board has approved an increase in its quarterly dividend to 50 cents a share from 18 cents. The higher dividend will come into effect in the company's fiscal third quarter. The move will boost the company's dividend yield to 6% from 2.26%. Alico has two operating divisions; Alico Citrus, which is one of the biggest citrus producers in the U.S.; and Land Management and Other Operations, which include environmental services and land leasing. The company said in May it wa

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