Alexander & Baldwin Announces Fourth Quarter 2024 Dividend

Rhea-AI Summary

Alexander & Baldwin (NYSE: ALEX) announced that its Board of Directors approved an increased fourth quarter 2024 dividend. The dividend has been raised to $0.225 per share from the previous $0.2225 per share. This dividend is payable on January 8, 2025 to shareholders of record as of the close of business on December 20, 2024.

Positive

• Increased dividend to $0.225 per share from $0.2225 per share.

Negative

• None.

Insights

Financial Analyst

The 1.12% dividend increase from $0.2225 to $0.225 per share represents a modest but positive signal from Alexander & Baldwin's management regarding their financial health and commitment to shareholder returns. At current share prices, this puts the forward dividend yield at approximately 5.2%. The consistent dividend payments and slight increase suggest stable cash flows from their Hawaii-focused real estate operations. This incremental raise, while small, maintains their pattern of gradual dividend growth and indicates management's confidence in the company's ability to sustain and slightly grow shareholder distributions despite broader market uncertainties.

HONOLULU, Dec. 5, 2024 /PRNewswire/ -- Alexander & Baldwin, Inc. (NYSE: ALEX) ("A&B" or "Company") today announced that its Board of Directors approved an increased fourth quarter 2024 dividend of $0.225 (twenty-two and ½ cents) per share from $0.2225 (twenty-two and ¼ cents) per share in the previous quarter. The dividend is payable on January 8, 2025, to shareholders of record as of the close of business on December 20, 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 4.0 million square feet of commercial space in Hawai'i, including 21 retail centers, 14 industrial assets and four office properties, as well as 142 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:
Jordan Hino
(808) 525-8475
investorrelations@abhi.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/alexander--baldwin-announces-fourth-quarter-2024-dividend-302323292.html

SOURCE Alexander & Baldwin, Inc.

FAQ

What is the new dividend announced by Alexander & Baldwin for Q4 2024?

Alexander & Baldwin announced a new dividend of $0.225 per share for Q4 2024.

When is the Q4 2024 dividend by Alexander & Baldwin payable?

The Q4 2024 dividend by Alexander & Baldwin is payable on January 8, 2025.

What was the previous dividend amount before the Q4 2024 increase for Alexander & Baldwin?

The previous dividend amount was $0.2225 per share.

What is the stock symbol for Alexander & Baldwin?

The stock symbol for Alexander & Baldwin is ALEX.

When is the record date for Alexander & Baldwin's Q4 2024 dividend?

The record date for the Q4 2024 dividend is December 20, 2024.