Alexander’s Declares Quarterly $4.50 Dividend on Common Shares

Rhea-AI Summary

Alexander's, Inc. (NYSE: ALX) declared a quarterly dividend of $4.50 per share, payable on August 21, 2020, to stockholders of record by August 10, 2020. The company operates seven properties in the greater New York City metropolitan area. Future results may be influenced by various risks and uncertainties, including property improvement costs and impacts related to the COVID-19 pandemic.

Positive

• Quarterly dividend of $4.50 enhances shareholder income.

Negative

• Risks related to tenant financial conditions may impact performance.
• COVID-19 pandemic could affect operational results.

PARAMUS, N.J., July 29, 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 August 21, 2020 to stockholders of record on August 10, 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 Report on Form 10-Q for the quarter ended March 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 potential impact of the COVID-19 pandemic.

FAQ

What is the dividend amount declared by ALX?

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

When is the dividend payment date for ALX?

The dividend will be paid on August 21, 2020.

Who is eligible for the dividend from ALX?

Stockholders of record as of August 10, 2020, are eligible for the dividend.

What risks might affect Alexander's, Inc. future performance?

Potential risks include tenant financial conditions and the impact of the COVID-19 pandemic.