Alico
Announces Quarterly Dividend
LaBelle,
FL, April 3, 2007 -- Alico, Inc. (NASDAQ:ALCO), a land management company,
announced that, at its Board meeting on March 30, 2007, the Board declared
a
quarterly dividend of $0.275 per share payable to stockholders of record as
of
June 29, 2007, with payment expected on or about July 16, 2007. Chairman John
Alexander said, “The Board is pleased to continue the payment of a quarterly
dividend. We appreciate our shareholders and hope that the dividends continue
to
increase as we execute our business plans and increase our
earnings.”
About
Alico, Inc.
Alico,
Inc., a land management company operating in Central and Southwest Florida,
owns
approximately 137,000 acres of land located in Collier, Glades, Hendry, Lee
and
Polk counties. Alico is involved in various agricultural and non-agricultural
operations. Alico's mission is to grow its earnings and asset values through
its
agricultural and real estate activities to produce superior long term returns
for its shareholders.
For
Further Information Contact:
John
R.
Alexander
La
Belle,
Florida
(863)
675-2966
Statements
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
Commission.