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, to be paid on February 12, 2021, to stockholders on record as of February 1, 2021. This dividend reflects the company’s ongoing commitment to return value to its shareholders. As a real estate investment trust, Alexander's owns seven properties in the greater New York City area, contributing to its financial stability.

Positive

• Quarterly dividend of $4.50 per share reinforces commitment to shareholder value.

Negative

• Risks related to property improvements, tenant financial conditions, and COVID-19 impact may affect future performance.

PARAMUS, N.J., Jan. 20, 2021 (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 12, 2021 to stockholders of record on February 1, 2021.

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 Reports on Form 10-Q for the quarters ended March 31, 2020, June 30, 2020 and September 30, 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. for February 2021?

The dividend declared is $4.50 per share.

When is the payment date for the declared dividend?

The dividend will be paid on February 12, 2021.

Who is eligible for the dividend payment from Alexander's, Inc.?

Stockholders of record on February 1, 2021, are eligible for the payment.

What are the key risks mentioned by Alexander's, Inc. that could affect future performance?

Key risks include property improvement timing, tenant financial stability, and the impact of COVID-19.