Declares Dividend, Sets Annual Meeting Date and
Date for Annual Meeting.
FL, November 6, 2008 --
Alico, Inc. (NASDAQ:ALCO), a land management company, announced that, at its
recent Board meeting, the Board declared a quarterly dividend of $0.275 per
share payable to stockholders of record as of January 30, 2009, with payment
expected on or about February 15, 2009.
John Alexander said, "The Alico Board of Directors is pleased to continue the
payment of regular quarterly dividends to our shareholders."
set December 31, 2008, as the record date for shareholders eligible to vote at
the Company's annual meeting which will be held at 10:00 a.m. on February 20,
2009. The annual meeting will be held in the Alico Arena at Florida Gulf Coast
University, 10501 FGCU Blvd. S., Fort Myers, FL 33965-6565.
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 operations. 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.
Further Information Contact:
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
include statements about hopes and desires such as the expressed hope that
dividends will continue to increase and 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