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, scheduled for payment on November 19, 2021, to stockholders of record by November 8, 2021. The company, a real estate investment trust, manages six properties within the greater New York City area. This dividend announcement reflects the company’s commitment to returning value to its shareholders in the current economic climate.

Positive

• Quarterly dividend of $4.50 indicates strong shareholder returns.

Negative

• Potential financial risks associated with property improvements and tenant conditions.

PARAMUS, N.J., Oct. 27, 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 November 19, 2021 to stockholders of record on November 8, 2021.

Alexander’s, Inc. is a real estate investment trust that has six 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 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, 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 November 2021?

The dividend amount declared is $4.50 per share.

When will the dividend be paid to shareholders of Alexander's, Inc.?

The dividend will be paid on November 19, 2021.

What is the record date for the dividend payment from Alexander's, Inc.?

The record date for the dividend payment is November 8, 2021.

How often does Alexander's, Inc. declare dividends?

Alexander's, Inc. declares dividends quarterly.

What factors could impact the financial condition of Alexander's, Inc.?

Factors include timing and costs of property improvements, tenant financial conditions, and competitive pressures.