Alexander’s Declares Quarterly $4.50 Dividend on Common Shares
ALEXANDER'S, INC. (NYSE: ALX) announced a quarterly dividend of $4.50 per share, payable on February 10, 2023. This dividend is for stockholders recorded as of January 30, 2023. Alexander’s operates as a real estate investment trust with six properties located in the New York City metropolitan area. The statement includes forward-looking risks such as the ongoing impact of the COVID-19 pandemic and economic factors like inflation and interest rates that could affect the company's performance.
- Declaration of a substantial quarterly dividend of $4.50 per share.
- Potential financial impact from ongoing COVID-19 pandemic.
- Risks from increasing interest rates and inflation affecting business stability.
PARAMUS, N.J., Jan. 18, 2023 (GLOBE NEWSWIRE) -- Alexander’s, Inc. (NYSE: ALX) today announced that its Board of Directors has declared a regular quarterly dividend of
Alexander’s, Inc. is a real estate investment trust that has six properties in the New York City metropolitan area.
CONTACT:
GARY HANSEN
(201) 587-8541
Certain statements contained herein may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are not guarantees of future performance. They involve risks, uncertainties and assumptions. Our future results, financial condition, results of operations and business may differ materially from those expressed in these forward-looking statements. You can find many of these statements by looking for words such as “approximates,” “believes,” “expects,” “anticipates,” “estimates,” “intends,” “plans,” “would,” “may” or other similar expressions in this press release. For a discussion of factors that could materially affect the outcome of our forward-looking statements and our future results and financial condition, see "Risk Factors" in Part I, Item 1A, of our Annual Report on Form 10-K for the year ended December 31, 2021. Currently, some of the factors are the ongoing adverse effect of the COVID-19 pandemic, the increase in interest rates and inflation on our business, financial condition, results of operations, cash flows, operating performance and the effect that these factors have had and may continue to have on our tenants, the global, national, regional and local economies and financial markets and the real estate market in general. The extent of the impact of the COVID-19 pandemic will continue to depend on future developments, including vaccination rates among the population, the efficacy and durability of vaccines against emerging variants, and governmental and tenant responses thereto, which continue to be uncertain but the impact could be material. Moreover, you are cautioned that the COVID-19 pandemic will heighten many of the risks identified in “Item 1A. – Risk Factors” in Part I of our Annual Report on Form 10-K for the year ended December 31, 2021.
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