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 for payment on November 18, 2022, to stockholders recorded by November 7, 2022. The company, a real estate investment trust with six properties in the New York City area, emphasizes this dividend as a signal of its financial stability and commitment to shareholder returns. Investors are encouraged to review potential risks associated with future performance and market conditions, including ongoing impacts from the COVID-19 pandemic.

Positive

• Quarterly dividend of $4.50 per share indicating financial stability and shareholder return.
• Confident management strategy in maintaining dividend despite market challenges.

Negative

• Risks associated with property improvement costs and tenant financial conditions.
• Potential adverse effects from COVID-19 pandemic on business performance.

PARAMUS, N.J., Oct. 26, 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 November 18, 2022 to stockholders of record on November 7, 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 for Alexander's Inc (ALX)?

The dividend amount for Alexander's Inc (ALX) is $4.50 per share.

When will the dividend for ALX be paid?

The dividend for ALX will be paid on November 18, 2022.

What is the record date for the ALX dividend?

The record date for the ALX dividend is November 7, 2022.

How does the COVID-19 pandemic impact Alexander's Inc (ALX)?

The COVID-19 pandemic may affect the financial condition of tenants and overall business performance.