Alexander’s Declares Quarterly $4.50 Dividend on Common Shares

Rhea-AI Summary

Alexander’s, Inc. (NYSE: ALX) has declared a quarterly dividend of $4.50 per share, payable on May 21, 2021, to shareholders of record on May 10, 2021. This announcement reassures investors of the company's commitment to return value while managing its portfolio of seven properties in the greater New York City area.

Furthermore, potential risks affecting future performance include property improvement costs, tenant financial health, and the continuing impact of the COVID-19 pandemic.

Positive

• Quarterly dividend of $4.50 per share indicates strong cash flow management.
• Demonstrates commitment to returning value to shareholders.

Negative

• Risks associated with property improvements may impact future financial results.
• Tenant financial conditions could adversely affect income streams.
• The ongoing COVID-19 pandemic presents uncertainties for operations.

PARAMUS, N.J., April 28, 2021 (GLOBE NEWSWIRE) -- Alexander’s, Inc. (NYSE: ALX) today announced that its Board of Directors has declared a regular quarterly dividend of $4.50 per share payable on May 21, 2021 to stockholders of record on May 10, 2021.

Alexander’s, Inc. is a real estate investment trust that has seven properties in the greater New York City metropolitan area.

CONTACT:
MATTHEW IOCCO
(201) 587-8541

Certain statements contained herein may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. For a discussion of factors that could materially impact 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, 2020. Such factors include, among others, risks associated with the timing of and costs associated with property improvements, financing commitments, the financial condition of our tenants, general competitive factors and the impact of the COVID-19 pandemic.

FAQ

What is the dividend amount for Alexander’s, Inc. (ALX)?

The dividend amount is $4.50 per share.

When will the dividend for Alexander’s, Inc. be paid?

The dividend will be paid on May 21, 2021.

Who are the shareholders of record for the dividend payment of ALX?

Shareholders of record as of May 10, 2021, will receive the dividend.

What are the risks mentioned in the press release regarding Alexander's, Inc.?

Risks include costs of property improvements, tenant financial health, and the impact of COVID-19.