Alexander’s Declares Quarterly $4.50 Dividend on Common Shares

Rhea-AI Summary

Alexander’s, Inc. (NYSE: ALX) announced a quarterly dividend of $4.50 per share, payable on August 19, 2022, to shareholders of record as of August 8, 2022. This dividend reflects the company's ongoing commitment to returning value to its investors. Alexander’s is a real estate investment trust with six properties located in the New York City metropolitan area.

Positive

• Quarterly dividend of $4.50 per share reflects commitment to shareholders.

Negative

• Risks associated with property improvements and tenant financial conditions may affect future performance.

PARAMUS, N.J., July 27, 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 August 19, 2022 to stockholders of record on August 8, 2022.

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. 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, 2021. 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. for August 2022?

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

When will the dividend be paid to shareholders?

The dividend will be paid on August 19, 2022.

What is the record date for the dividend payment?

The record date for the dividend payment is August 8, 2022.

How many properties does Alexander’s, Inc. manage?

Alexander’s, Inc. manages six properties in the New York City metropolitan area.