Alexander & Baldwin First Quarter 2021 Dividend Authorized

Rhea-AI Summary

On February 23, 2021, Alexander & Baldwin, Inc. (NYSE:ALEX) announced a first-quarter 2021 dividend of $0.15 per share. This dividend is set to be paid on April 2, 2021, to shareholders recorded as of the close of business on March 18, 2021. A&B is a leading real estate investment trust focused on Hawai'i commercial real estate, managing approximately 3.9 million square feet of commercial space in the state, including grocery-anchored shopping centers.

Positive

• Dividend of $0.15 per share demonstrates commitment to shareholder returns.
• Strong portfolio with 3.9 million square feet of commercial space.
• Focus on monetizing non-core assets to strengthen financial position.

Negative

• None.

HONOLULU , Feb. 23, 2021 /PRNewswire/ -- The Board of Directors of Alexander & Baldwin, Inc. (NYSE:ALEX) approved a first quarter 2021 dividend of $0.15 (15 cents) per share. The dividend is payable on April 2, 2021 to shareholders of record as of the close of business on March 18, 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, ten industrial assets and four office properties, as well as 154 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 announced by ALEX for Q1 2021?

The dividend amount announced by Alexander & Baldwin for Q1 2021 is $0.15 per share.

When will the dividend be paid to ALEX shareholders?

The dividend will be paid on April 2, 2021.

What is the record date for the ALEX dividend payment?

The record date for the ALEX dividend payment is March 18, 2021.

How much commercial space does ALEX manage?

Alexander & Baldwin manages approximately 3.9 million square feet of commercial space in Hawai'i.