ALICO, INC. Form 8-K Summary
Business Context and Reporting Period
This Current Report on Form 8-K was filed by ALICO, INC. on June 8, 2009. The report discloses a corporate action taken by the Board of Directors during a meeting held on June 5, 2009.
Key Financial Metrics
The filing does not provide comprehensive financial statements, revenue, profit, cash flow, margins, debt, or liquidity metrics. The only specific financial figure disclosed is the declaration of a cash dividend of $0.1375 per share.
Material Changes
The primary material event is the declaration of the fifteenth consecutive quarterly dividend. No other material changes to financial condition or operations are detailed in this specific filing.
Guidance, Outlook, and Management Commentary
John R. Alexander, Chairman, stated that the Board continues to carefully review the Company's financial conditions, the current economic environment, and future needs and expectations when determining dividend recommendations. Management expressed satisfaction in continuing to award shareholders this fifteenth consecutive quarterly dividend.
Investor Verification Checklist
- Verify the record date for the dividend is July 31, 2009.
- Confirm the expected payment date is on or about August 15, 2009.
- Review the Company's most recent 10-Q or 10-K for detailed financial condition data not included in this 8-K.
- Assess the sustainability of the dividend given the Chairman's reference to the "current economic environment."