LABELLE, Fla., April 10 -- Alico, Inc., (Nasdaq:
ALCO), a leading landholder and one of the South's best known agribusiness
companies, is pleased to announce today that at its Board of Directors
meeting held Friday, March 31, 2006, the Board declared a quarterly
dividend of $0.25 per share payable to stockholders of record as of June
30, 2006, with payment expected on or about July 15, 2006. Chairman John
Alexander said, "This dividend is the continuation of the payment of
regular quarterly dividends which the Alico Board approved at its annual
meeting earlier this year."
About Alico, Inc.
Alico, Inc., an agribusiness company operating in Central and Southwest
Florida, owns approximately 136,000 acres of land located in Collier,
Hendry, Lee and Polk counties. Alico is involved in various operations and
activities including citrus fruit production, cattle ranching, sugarcane,
sod production, and forestry. Alico also leases land for farming, cattle
grazing, recreation and oil exploration. Alico intends to grow its asset
values and earnings through enhancements to its agricultural businesses and
proactive management of its real estate holdings.
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 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.
