Alexander & Baldwin Second Quarter 2024 Dividend Authorized

Rhea-AI Summary

Alexander & Baldwin, Inc. (NYSE: ALEX) announced a second quarter 2024 dividend of $0.2225 per share, payable on July 8, 2024. The company is a Hawai'i-based owner, operator, and developer of high-quality commercial real estate in Hawai'i.

Insights

Financial Analyst

The declaration of a $0.2225 per share dividend by Alexander & Baldwin signals a distribution of earnings back to shareholders, reflecting the company's current financial health and management's confidence in its cash flow stability. From a financial perspective, it is essential to consider the dividend yield, which is the annual dividend per share divided by the stock's price per share. This metric can be attractive to income-focused investors looking for regular income streams from their investments. Moreover, the consistency and growth of dividends over time are often taken as strong indicators of a company's sustainable profitability and a bullish signal to investors.

Market Research Analyst

Dividends can also have broader implications on the stock's market performance. A stable or increasing dividend can lead to a positive investor sentiment and could potentially attract more income-seeking shareholders. It's important to analyze the sector's average dividend yield to gauge the competitiveness of A&B's dividend. Additionally, understanding the payout ratio, which is the proportion of earnings paid out as dividends, can indicate whether the dividend is sustainable in the long term without compromising the company's growth prospects or its ability to reinvest in its core business.

HONOLULU, April 24, 2024 /PRNewswire/ -- The Board of Directors of Alexander & Baldwin, Inc. (NYSE: ALEX) ("A&B" or "Company"), a Hawai'i-based owner, operator and developer of high-quality commercial real estate in Hawai'i, approved a second quarter 2024 dividend of $0.2225 (twenty-two and ¼ cents) per share. The dividend is payable on July 8, 2024, to shareholders of record as of the close of business on June 14, 2024.

ABOUT ALEXANDER & BALDWIN
Alexander & Baldwin, Inc. (NYSE: ALEX) (A&B) is the only publicly-traded real estate investment trust to focus exclusively on Hawai'i commercial real estate and is the state's largest owner of grocery-anchored, neighborhood shopping centers. A&B owns, operates and manages approximately 3.9 million square feet of commercial space in Hawai'i, including 22 retail centers, 13 industrial assets and four office properties, as well as 142.0 acres of ground lease assets. Over its 154-year history, A&B has evolved with the state's economy and played a leadership role in the development of the agricultural, transportation, tourism, construction, residential and commercial real estate industries.

Learn more about A&B at www.alexanderbaldwin.com.

Contact:
A&B Investor Relations
(808) 525-8475
investorrelations@abhi.com

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SOURCE Alexander & Baldwin, Inc.

FAQ

What dividend did Alexander & Baldwin, Inc. (ALEX) authorize for the second quarter of 2024?

Alexander & Baldwin, Inc. (NYSE: ALEX) authorized a dividend of $0.2225 per share for the second quarter of 2024.

When will the dividend be payable to shareholders of Alexander & Baldwin, Inc. (ALEX)?

The dividend will be payable on July 8, 2024, to shareholders of record as of June 14, 2024.

What is the business focus of Alexander & Baldwin, Inc. (NYSE: ALEX)?

Alexander & Baldwin, Inc. is a Hawai'i-based owner, operator, and developer of high-quality commercial real estate in Hawai'i.