Alexander & Baldwin Announces 5.3% Increase in Common Stock Dividend

Rhea-AI Summary

The Board of Directors of Alexander & Baldwin (NYSE: ALEX) has approved a $0.20 dividend per share for Q2 2022, marking a 1-cent increase from Q1 2022's $0.19. This is the second consecutive quarterly increase, driven by strong commercial real estate results. The upcoming dividend is payable on July 6, 2022, with a record date of June 17, 2022. A&B focuses on Hawai'i commercial real estate and is the largest owner of grocery-anchored shopping centers in the state.

Positive

• Second consecutive quarterly dividend increase to $0.20 per share.
• Strong first quarter results in commercial real estate.
• Anticipated continued strong performance for 2022.

Negative

• None.

HONOLULU, April 26, 2022 /PRNewswire/ -- The Board of Directors of Alexander & Baldwin, Inc. (NYSE: ALEX) approved a second quarter 2022 dividend of $0.20 (twenty cents) per share, an increase of 1-cent per share from the first quarter 2022 dividend of $0.19 per share and the second consecutive quarterly rate increase. The quarterly dividend increase reflects strong first quarter commercial real estate results and expected performance for the remainder of 2022. The dividend is payable on July 6, 2022, to shareholders of record as of the close of business on June 17, 2022.

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, 11 industrial assets and 4 office properties, as well as 141 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 152-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 is Alexander & Baldwin's dividend amount for Q2 2022?

The dividend amount is $0.20 per share.

When is the dividend payable for Alexander & Baldwin?

The dividend is payable on July 6, 2022.

What was the previous dividend amount for Alexander & Baldwin?

The previous dividend amount was $0.19 per share.

What is the record date for the dividend payment?

The record date is June 17, 2022.