Alexander & Baldwin Announces 12.5% Increase in Common Stock Dividend

Rhea-AI Summary

The Board of Directors of Alexander & Baldwin (NYSE:ALEX) has declared a $0.18 per share dividend for Q3 2021, marking a 12.5% increase from the previous quarter's $0.16. This is the second consecutive quarterly increase, reflecting the Board's confidence in the recovery of the Hawai'i economy and improved commercial real estate performance. The dividend is scheduled for payment on October 4, 2021, for shareholders recorded by the close of business on September 17, 2021.

Positive

• 12.5% increase in dividend from $0.16 to $0.18 per share.
• Second consecutive quarterly dividend increase indicates strong confidence in the company's performance.
• Positive outlook on Hawai'i's economic recovery and commercial real estate sector.

Negative

• None.

HONOLULU, July 27, 2021 /PRNewswire/ -- The Board of Directors of Alexander & Baldwin, Inc. (NYSE:ALEX) approved a third quarter 2021 dividend of $0.18 (eighteen cents) per share, an increase of 2 cents per share from the second quarter 2021 dividend of $0.16 per share. The second consecutive quarterly dividend increase reflects the Board's continued confidence in the improving Hawai'i economy and commercial real estate performance. The dividend is payable on October 4, 2021 to shareholders of record as of the close of business on September 17, 2021.

About Alexander & Baldwin, Inc.
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, 10 industrial assets and 4 office properties, as well as 149 acres of ground leases. A&B is expanding and strengthening its Hawai'i CRE portfolio and achieving its strategic focus on commercial real estate by monetizing its remaining non-core assets. Over its 150-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

FAQ

What is the dividend amount for ALEX in Q3 2021?

The dividend amount for Alexander & Baldwin (ALEX) in Q3 2021 is $0.18 per share.

When will the ALEX dividend be paid?

The dividend for ALEX is payable on October 4, 2021.

What was the previous dividend amount for ALEX?

The previous dividend amount for ALEX was $0.16 per share.

What date is the record for ALEX's dividend?

The record date for ALEX's dividend is September 17, 2021.

How often does ALEX pay dividends?

Alexander & Baldwin typically pays dividends on a quarterly basis.