­Alexander & Baldwin Announces 7% Increase in Common Stock Dividend

Rhea-AI Summary

The Board of Directors of Alexander & Baldwin (NYSE:ALEX) has approved a $0.16 quarterly dividend for Q2 2021, marking a 1 cent increase from Q1's $0.15 per share. This increase reflects the Board's confidence in the enhancing commercial real estate landscape and economic conditions in Hawai'i. The dividend will be paid on July 6, 2021 to shareholders on record by June 28, 2021.

Positive

• Dividend increased by 1 cent to $0.16 per share, reflecting confidence in the Hawai'i economy.
• Scheduled payment date of July 6, 2021, suggesting financial stability.

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• None.

HONOLULU, April 27, 2021 /PRNewswire/ -- The Board of Directors of Alexander & Baldwin, Inc. (NYSE:ALEX) approved a second quarter 2021 dividend of $0.16 (16 cents) per share, an increase of 1 cent per share from the first quarter 2021 dividend of $0.15 per share. The quarterly dividend increase reflects the Board's confidence in the improving Hawai'i economy and commercial real estate performance. The dividend is payable on July 6, 2021 to shareholders of record as of the close of business on June 28, 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 retail shopping centers. A&B owns, operates and manages approximately 3.9 million square feet of commercial space in Hawai'i, including 22 retail centers, ten industrial assets and four office properties, as well as 152 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 new dividend amount for Alexander & Baldwin in 2021?

The new dividend amount for Alexander & Baldwin is $0.16 per share, effective for Q2 2021.

When will the dividend for ALEX shareholders be paid?

The dividend will be paid on July 6, 2021.

What was the previous dividend amount for Alexander & Baldwin?

The previous dividend amount was $0.15 per share for Q1 2021.

What date is the record for ALEX shareholders for the upcoming dividend?

The record date for ALEX shareholders to receive the dividend is June 28, 2021.

How often does Alexander & Baldwin pay dividends?

Alexander & Baldwin pays dividends quarterly.