Alico Declares Second Quarter Cash Dividend, Payable on April 15, 2016; Announces Board and Committee Appointments
March 09, 2016 at 04:21 pm EST
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Alico Inc. announced that its Board of Directors, at a meeting held on March 8, 2016, declared a second quarter cash dividend in the amount of $0.06 per share on its outstanding common stock. The dividend is to be paid to shareholders of record as of March 31, 2016, with the payment expected on April 15, 2016.
At its Board Meeting, the Board of Directors elected Henry R. Slack, Chairman of the Board of Directors, and made the committee appointments. The company announced following appointments to executive committee, Remy W. Trafelet as chairperson, Benjamin D. Fishman, Henry R. Slack and George R. Brokaw. The company announced following appointments to compensation committee, R. Greg Eisner as Chairperson and W. Andrew Krusen, Jr. The company announced following appointments to audit committee, Benjamin D. Fishman as Chairperson and Financial Expert, W. Andrew Krusen, Jr. and R. Greg Eisner. The company announced following appointments to nominating and corporate governance committee, George R. Brokaw as chairperson, Benjamin D. Fishman and Henry R. Slack.
Alico, Inc. is an agribusiness and land management company. The Company is engaged in the sale of its citrus products, providing services to citrus groves owned by third parties, and grazing and hunting leasing. Its segments include Alico Citrus and Land Management and Other Operations. Alico Citrus segment is engaged in planting, owning, cultivating and/or managing citrus groves to produce fruit for sale to fresh and processed citrus markets, including activities related to the purchase and resale of fruit and value-added services, which include contracting for the harvesting, marketing and hauling of citrus. Its Land Management and Other Operations segment includes activities related to native plant sales, grazing and hunting leasing, management and/or conservation of unimproved native pastureland and activities related to rock mining royalties and other insignificant lines of business. It owns over 73,000 acres of land and 90,000 acres of mineral rights throughout Florida.
ALICO, INC. 
