Alexander & Baldwin Fourth Quarter 2021 Dividend Authorized

Rhea-AI Summary

The Board of Directors of Alexander & Baldwin (NYSE:ALEX) has declared a fourth quarter 2021 dividend of $0.18 per share, payable on January 6, 2022. Shareholders on record as of December 23, 2021 will receive this dividend. As Hawaii's largest owner of grocery-anchored shopping centers, A&B continues to focus on expanding its commercial real estate portfolio while monetizing non-core assets, reflecting its long-term commitment to the state's economy.

Positive

• Declared a dividend of $0.18 per share, indicating confidence in financial health.
• Focus on expanding and strengthening Hawai'i commercial real estate portfolio.

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• None.

HONOLULU, Dec. 13, 2021 /PRNewswire/ -- The Board of Directors of Alexander & Baldwin, Inc. (NYSE:ALEX) approved a fourth quarter 2021 dividend of $0.18 (eighteen cents) per share. The dividend is payable on January 6, 2022 to shareholders of record as of the close of business on December 23, 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, 11 industrial assets and 4 office properties, as well as 147 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, Inc.

FAQ

What is the dividend amount for ALEX in Q4 2021?

The dividend amount for Alexander & Baldwin (ALEX) in Q4 2021 is $0.18 per share.

When is the dividend payment date for ALEX?

The dividend for ALEX is payable on January 6, 2022.

What is the record date for ALEX's dividend?

The record date for Alexander & Baldwin's dividend is December 23, 2021.

How does ALEX's dividend reflect its financial stability?

The declaration of a dividend indicates ALEX's confidence in its financial health and ongoing business strategy.