Adapting to Market Pressures: Alico Supports Investors amidst Changing Profits
Portfolio Pulse from Benzinga Insights
Alico (NASDAQ:ALCO) is set to distribute a dividend of $0.05 per share on July 14, 2023, translating to an annualized dividend yield of 0.78%. The company has shown a positive dividend growth pattern from 2019 to 2022, but its earnings per share have decreased over the same period. 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%.
July 14, 2023 | 3:05 pm
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NEUTRAL IMPACT
Alico's dividend distribution and decreasing earnings could impact investor sentiment.
While Alico's consistent dividend growth is a positive sign, the decrease in earnings per share could be a concern for investors. This could potentially impact the company's ability to sustain or increase its cash dividend payouts in the future.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Brasilagro - Cia Bras has a higher annualized dividend yield than Alico.
Brasilagro - Cia Bras's higher annualized dividend yield compared to Alico could make it more attractive to income-seeking investors.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 50