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, to be paid on November 20, 2020. Stockholders on record by November 9, 2020 will be eligible. This announcement reinforces the company's commitment to returning value to its shareholders. Alexander’s operates seven properties in the greater New York City area, solidifying its position in a prime real estate market.

Positive

• Quarterly dividend of $4.50 per share affirms commitment to shareholders.
• Significant presence in the New York City metropolitan area, enhancing investment potential.

Negative

• Risks associated with property improvements and tenant financial conditions.
• Impact of COVID-19 pandemic may affect financial performance.

PARAMUS, N.J., Oct. 28, 2020 (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 November 20, 2020 to stockholders of record on November 9, 2020.

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 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, 2019 and in Part II, Item 1A, of our Quarterly Reports on Form 10-Q for the quarters ended March 31, 2020 and June 30, 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 declared by Alexander's, Inc.?

Alexander's, Inc. declared a quarterly dividend of $4.50 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on November 20, 2020.

Who is eligible to receive the dividend from Alexander's, Inc.?

Stockholders of record by November 9, 2020, are eligible to receive the dividend.

How does the COVID-19 pandemic affect Alexander's, Inc.?

The COVID-19 pandemic may impact the financial performance of Alexander's, particularly concerning tenant conditions.

What is the primary business focus of Alexander's, Inc.?

Alexander's, Inc. primarily focuses on real estate investment, operating properties in the greater New York City area.