Alexander & Baldwin Fourth Quarter 2022 Dividend Authorized

Rhea-AI Summary

The Board of Directors of Alexander & Baldwin (NYSE: ALEX) approved a fourth quarter 2022 dividend of $0.22 per share, payable on January 6, 2023. Shareholders of record as of December 23, 2022 will receive this dividend. A&B focuses on Hawai'i commercial real estate, managing approximately 3.9 million square feet of commercial space, including 22 retail centers and 12 industrial assets. The company is continuing to optimize its portfolio by monetizing non-core assets.

Positive

• Fourth quarter 2022 dividend of $0.22 per share authorized.
• Focus on enhancing Hawai'i commercial real estate portfolio.
• Management of approximately 3.9 million square feet of commercial space.

Negative

• None.

HONOLULU, Dec. 12, 2022 /PRNewswire/ -- The Board of Directors of Alexander & Baldwin, Inc. (NYSE: ALEX) approved a fourth quarter 2022 dividend of $0.22 (twenty-two cents) per share. The dividend is payable on January 6, 2023, to shareholders of record as of the close of business on December 23, 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, 12 industrial assets and four 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 the dividend amount for ALEX in Q4 2022?

The dividend amount for Alexander & Baldwin (ALEX) in Q4 2022 is $0.22 per share.

When is the dividend payable for ALEX?

The dividend for ALEX is payable on January 6, 2023.

What is the record date for ALEX's dividend payment?

The record date for the dividend payment is December 23, 2022.

How does ALEX perform in Hawai'i's commercial real estate?

ALEX is the largest owner of grocery-anchored neighborhood shopping centers in Hawai'i, managing around 3.9 million square feet of commercial space.