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, set to be paid on February 11, 2022. Stockholders of record by January 31, 2022 will receive this payment. The company operates as a real estate investment trust, managing six properties in the greater New York City area. This dividend reflects the company's ongoing commitment to returning value to its shareholders.

Positive

• Quarterly dividend of $4.50 per share demonstrates strong shareholder return.
• Company maintains a focus on property management within the lucrative New York City market.

Negative

• Risks related to property improvements and tenant financial conditions may affect future performance.
• Potential impacts from the COVID-19 pandemic could pose challenges to operational stability.

PARAMUS, N.J., Jan. 19, 2022 (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 February 11, 2022 to stockholders of record on January 31, 2022.

Alexander’s, Inc. is a real estate investment trust that has six properties in the greater 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. 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 declared by Alexander's, Inc. (ALX)?

The declared dividend amount is $4.50 per share.

When is the dividend payment date for Alexander's, Inc. (ALX)?

The dividend is payable on February 11, 2022.

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

Stockholders of record on January 31, 2022, are eligible to receive the dividend.

How often does Alexander's, Inc. (ALX) pay dividends?

Alexander's, Inc. typically pays dividends on a quarterly basis.

What risks could affect Alexander's, Inc. (ALX) dividend sustainability?

Risks include property improvement costs, tenant financial conditions, and impacts of the COVID-19 pandemic.