Key Developments: Alico Inc (ALCO.O)
45.15USD
22 May 2013
$-0.17 (-0.38%)
$45.32
$45.41
$45.67
$45.10
5,701
13,323
$47.00
$22.96
Latest Key Developments (Source: Significant Developments)
Alico Inc Announces Fiscal Year 2013 Third Quarter Dividend
Alico Inc announced that Board of Directors declared a third quarter cash dividend in the amount of $0.08 per share on its outstanding common stock. The dividend is to be paid to shareholders of record as of June 28, 2013 with payment expected on July 15, 2013. Full Article
Alico Inc Declares Second Quarter Cash Dividend
Alico Inc announced that its Board of Directors, at a meeting held on January 8, 2013, declared a second quarter cash dividend in the amount of $0.08 per share on its outstanding common stock. The dividend is to be paid to shareholders of record as of March 28, 2013 with payment expected on April 15, 2013. Full Article
Alico Inc Announces First Quarter Dividend
Alico Inc announced that its Board of Directors, at a meeting held on September 27, 2012, declared a fiscal year 2013 first quarter cash dividend in the amount of $0.08 per share on its outstanding common stock. The dividend is to be paid to shareholders of record as of December 28, 2012, with the payment expected on January 14, 2013. Full Article
Alico, Inc. Announces Fourth Quarter Dividend
Alico, Inc. announced that its Board of Directors, at a meeting held on July 27, 2012, declared a fourth quarter cash dividend in the amount of $0.04 per share on its outstanding common stock. The dividend is to be paid to shareholders of record as of September 29, 2012, with the payment expected on October 15, 2012. Full Article
Alico, Inc. Completes Initial Closing Under Lee County, FL Sales Contract
Alico, Inc. announced that its wholly-owned subsidiary, Alico-Agri, Ltd., reached an agreement with Private Equity Group, LLC (PEG) to sell three parcels of land in Lee County, Florida (the Property) totaling approximately 5,200 acres . The sales price of the Property is $10.0 million and the closings are scheduled to occur in two tranches on July 25, 2012 and October 3, 2012. Full Article
Alico, Inc. Announces Fiscal Year 2012 Third Quarter Dividend
Alico, Inc. announced that its Board of Directors, at a meeting held on April 27, 2012, declared a third quarter cash dividend in the amount of $0.04 per share on its outstanding common stock. The dividend is to be paid to shareholders of record as of June 29, 2012, with the payment expected on July 16, 2012. Full Article
Alico, Inc. Announces Sale Of 4,020 Surplus Acres In Polk County, FL For $10.1 Million
Alico, Inc. announced the cash sale of two parcels of land totaling 4,020 acres in Polk County, FL. The sales price of the two properties is approximately $10.1 million and will result in a pre-tax gain of approximately $9.2 million to be recorded in the third quarter of fiscal 2012. The purchasers of the parcels of land are Ben Hill Griffin, III, the brother-in-law of John R. Alexander, Alico's Chairman of the Board, and Ben Hill Griffin Inc. Both parcels were considered to be surplus to the agricultural operations. The first parcel is located in Frostproof, FL totaling 3,635 acres. The purchase price is approximately $9.1 million or $2,500 per acre. Alico recorded a deposit for the parcel of $200,000. The sales contract was entered into on April 13, 2012, with Ben Hill Griffin III and will close no later than June 12, 2012, with the deed and possession delivered on said date. The second parcel of land is also located in Frostproof, FL totaling 385 acres. The purchase price is approximately $1.0 million or $2,750 per acre. Alico recorded a deposit for the parcel of $50,000. The sales contract was entered into on April 16, 2012, with Ben Hill Griffin Inc. and will close no later than June 12, 2012, with deed and possession delivered on said date. Full Article
Alico, Inc. Announces Appointment of JD Alexander as Full-Time Chief Executive Officer and President
Alico, Inc. announced that the Board of Directors have appointed JD Alexander as its full-time Chief Executive Officer and President, effective April 2, 2012. Full Article
Alico, Inc. Announces Fiscal Year 2012 Second Quarter Dividend
Alico, Inc. announced that its Board of Directors, at a meeting held on February 17, 2012, declared a second quarter cash dividend in the amount of $0.04 per share on its outstanding common stock. The dividend is to be paid to shareholders of record as of March 30, 2012, with the payment expected on April 16, 2012. Full Article
Alico, Inc. Announces Fiscal Year 2012 First Quarter Dividend
Alico, Inc. announced that its Board of Directors, at a meeting held on December 15, 2011, declared a first quarter cash dividend in the amount of $0.04 per share on its outstanding common stock. The dividend is to be paid to shareholders of record as of December 30, 2011, with the payment expected on January 16, 2012. Full Article
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