Alexander & Baldwin Second Quarter 2023 Dividend Authorized

Rhea-AI Summary

The Board of Directors of Alexander & Baldwin (NYSE:ALEX) has approved a second quarter 2023 dividend of $0.22 per share. This dividend will be payable on July 5, 2023, to shareholders recorded as of the close of business on June 16, 2023. A&B, the largest owner of grocery-anchored shopping centers in Hawai'i, focuses exclusively on Hawai'i commercial real estate and owns approximately 3.9 million square feet of commercial space. The company is committed to strengthening its portfolio and monetizing non-core assets to enhance its strategic focus.

Positive

• Declaration of a dividend of $0.22 per share indicates financial stability and shareholder returns.
• Payable date of July 5, 2023, suggests timely dividend payments that can attract investors.

Negative

• None.

HONOLULU, April 25, 2023 /PRNewswire/ -- The Board of Directors of Alexander & Baldwin, Inc. (NYSE:ALEX) approved a second quarter 2023 dividend of $0.22 (twenty-two cents) per share. The dividend is payable on July 5, 2023, to shareholders of record as of the close of business on June 16, 2023.  

About Alexander & Baldwin, Inc.
Alexander & Baldwin, Inc. (NYSE: ALEX) (A&B) is the only publicly-traded real estate investment trust to focus exclusively on Hawai'i commercial real estate and is the state's largest owner of grocery-anchored, neighborhood shopping centers. A&B owns, operates and manages approximately 3.9 million square feet of commercial space in Hawai'i, including 22 retail centers, 12 industrial assets and 4 office properties, as well as 141 acres of ground leases. A&B is expanding and strengthening its Hawai'i CRE portfolio and achieving its strategic focus on commercial real estate by monetizing its remaining non-core assets. Over its 153-year history, A&B has evolved with the state's economy and played a leadership role in the development of the agricultural, transportation, tourism, construction, residential and commercial real estate industries. Learn more about A&B at www.alexanderbaldwin.com.

Contact:
A&B Investor Relations
(808) 525-8475
investorrelations@abhi.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/alexander--baldwin-second-quarter-2023-dividend-authorized-301807600.html

SOURCE Alexander & Baldwin, Inc.

FAQ

What is the dividend amount for Alexander & Baldwin in Q2 2023?

The dividend amount for Alexander & Baldwin in Q2 2023 is $0.22 per share.

When is the dividend payable for ALEX shareholders?

The dividend for ALEX shareholders is payable on July 5, 2023.

What is the record date for ALEX's Q2 2023 dividend?

The record date for Alexander & Baldwin's Q2 2023 dividend is June 16, 2023.

How does Alexander & Baldwin's dividend compare to previous dividends?

The press release does not provide specific historical dividend comparisons for ALEX.