Key Highlights

  • Alico's $0.05 fiscal fourth-quarter dividend has an October 2, 2026 ex-dividend date, with payment expected October 16 to shareholders of record.
  • Fiscal third-quarter revenue was $9.04 million versus $8.39 million, and net income attributable to common stockholders was $2.1 million, or $0.29 per diluted share.
  • The company completed a $10.0 million share repurchase of 245,399 shares and raised fiscal 2026 Adjusted EBITDA guidance to approximately $15 million.
  • Alico entered a lease covering approximately 3,280 acres that includes a purchase option valued at $29.5 million.

Overview

Alico, Inc.'s (NASDAQ:ALCO) $0.05 quarterly dividend yields 0.52% and sits beside fiscal third-quarter net income of $0.29 per diluted share. The Board declared the fiscal fourth-quarter dividend on September 8, 2026, the same $0.05 declared in March and June 2026. The company has consolidated its segment reporting after the final significant citrus harvest.

Dividend Program and Shareholder Returns

Alico's Board declared a fiscal fourth-quarter 2026 cash dividend of $0.05 per share on September 8, 2026. It is payable to shareholders of record as of October 2, with payment expected on October 16.

The fiscal second-quarter dividend of $0.05 was declared March 24 for payment April 17 to holders of record April 3. The fiscal third-quarter dividend of $0.05 was declared June 15 for payment July 16 to holders of record July 2.

About the Company

Alico is a Florida land company based in Fort Myers whose business has moved from citrus production toward land leasing, sales and development. Following the final significant citrus harvest, it consolidated its segment reporting. Its projects include Corkscrew Grove East Village, which advanced into state and federal permitting after local entitlement approval in April 2026.

Financial Performance Behind the Payout

For the quarter ended June 30, 2026, Alico reported revenue of $9.04 million versus $8.39 million, an increase of 7.7%. Net income attributable to common stockholders was $2.1 million, or $0.29 per diluted share, compared with a net loss of $18.3 million, or $2.39 per diluted share. Net income for the first nine months of fiscal 2026 was $10.0 million.

Land Management and Other Operations revenue was $7.9 million versus $0.6 million, while Alico Citrus revenue was $1.1 million versus $7.8 million. EBITDA was $4.6 million versus $19.2 million in the prior-year quarter. Cash was $55.6 million at June 30.

Land Leasing and Capital Allocation Beside the Dividend

During and after the quarter, Alico entered an agricultural lease covering approximately 3,280 acres in Hendry County. The agreement includes an option for the counterparty to purchase the property for $29.5 million, or $9,000 per acre.

The company completed its $10.0 million repurchase program, having bought 245,399 shares in total, including 38,059 in the third quarter. It also reported a $5.1 million advance to the Corkscrew Grove Stewardship District, a $2 million acquisition of Citree, and approximately $35 million of net proceeds from land and equipment sales in the first nine months. The company states its liquidity extends its operating runway through 2029 without additional asset sales.

Outlook

Alico raised its fiscal 2026 Adjusted EBITDA guidance to approximately $15 million from approximately $14 million. Its guidance also includes year-end cash of approximately $48 million and net debt of approximately $37 million, with a minimum $2.5 million balance on its revolving credit line.

Lease income, permitting at Corkscrew Grove East Village and the pace of land and equipment sales are the items the company discusses.