Inc. Announces Regular Quarterly Dividend
FL, April 29, 2008 — Alico, Inc. (NASDAQ: ALCO), a land management company,
announced that at its Board of Directors meeting on April 25, 2008, the Board
declared a regular quarterly dividend in the amount of $0.275 per share to be
paid to shareholders of record as of July 31, 2008 with payment expected on or
about August 15, 2008.
Alexander, Chairman and CEO, stated "As we work through these current uncertain
market conditions we are confident with our Company’s stability and
strength. We are proud to pay a dividend again this quarter making it
the 12th consecutive quarterly dividend."
Inc., a land management company operating in Central and Southwest Florida, owns
approximately 135,500 acres of land located in Collier, Glades, Hendry, Lee and
Polk counties. Alico is involved in various agricultural operations and real
estate activities. Alico's mission is to grow its asset values through its
agricultural and real estate activities to produce superior long-term returns
for its shareholders.
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in this press release that are not statements of historical or current fact
constitute "forward-looking statements" within the meaning of the Private
Securities Litigation Reform Act of 1995. Such forward-looking statements
involve known and unknown risks, uncertainties and other unknown factors that
could cause the actual results of the Company to be materially different from
the historical results or from any future results expressed or implied by such
forward-looking statements. The forward-looking statements contained herein are
also subject generally to other risks and uncertainties that are described from
time to time in the Company's reports and registration statements filed with the
Securities and Exchange Commission.