Alexander’s Declares Quarterly $4.50 Dividend on Common Shares
Alexander’s, Inc. (NYSE: ALX) has declared a quarterly dividend of $4.50 per share, scheduled for payment on May 19, 2023, to stockholders on record by May 8, 2023. This announcement reflects the company’s ongoing commitment to return value to shareholders. Alexander’s, Inc. operates as a real estate investment trust with a presence in the New York City metropolitan area, managing six properties. The press release highlights potential risks related to interest rate increases, inflation, and the ongoing impacts of the COVID-19 pandemic on business operations and tenant performance.
- Quarterly dividend of $4.50 per share enhances shareholder value.
- Commitment to return value to shareholders boosts investor confidence.
- Risks from rising interest rates could affect financial stability.
- Inflation may impact operational costs and profitability.
- Ongoing COVID-19 pandemic could adversely affect tenant performance.
PARAMUS, N.J., April 26, 2023 (GLOBE NEWSWIRE) -- Alexander’s, Inc. (NYSE: ALX) today announced that its Board of Directors has declared a regular quarterly dividend of
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 constitute forward-looking statements as such term is defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are not guarantees of performance. They represent our intentions, plans, expectations and beliefs and are subject to numerous assumptions, risks and uncertainties. Our future results, financial condition and business may differ materially from those expressed in these forward-looking statements. Many of the factors that will determine the outcome of these and our other forward-looking statements are beyond our ability to control or predict. Currently, some of the factors are the increase in interest rates and inflation and the continuing effect of the COVID-19 pandemic on our business, financial condition, results of operations, cash flows, operating performance and the effect that these factors have had and may continue to have on our tenants, the global, national, regional and local economies and financial markets and the real estate market in general. For further discussion of factors that could materially affect the outcome of our forward-looking statements, see "Item 1A. Risk Factors" in Part I of our Annual Report on Form 10-K for the year ended December 31, 2022. For these statements, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. All subsequent written and oral forward-looking statements attributable to us or any person acting on our behalf are expressly qualified in their entirety by the cautionary statements contained or referred to in this section. We do not undertake any obligation to release publicly any revisions to our forward-looking statements to reflect events or circumstances occurring after the date of the Annual Report on Form 10-K.
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