Alexander & Baldwin Announces 5.6% Increase in Common Stock Dividend

Rhea-AI Summary

The Board of Directors of Alexander & Baldwin, Inc. (NYSE:ALEX) has approved a first quarter 2022 dividend of $0.19 per share, reflecting a 1-cent increase from the fourth quarter 2021 dividend of $0.18. This dividend return is the company’s first step back to its pre-pandemic level. The payment date is set for April 5, 2022, for shareholders on record by the close of business on March 18, 2022.

Positive

• Dividend increased by 1 cent per share, returning to pre-pandemic levels.
• Dividend payment reflects confidence in the company's financial stability.

Negative

• None.

HONOLULU, Feb. 22, 2022 /PRNewswire/ -- The Board of Directors of Alexander & Baldwin, Inc. (NYSE:ALEX) approved a first quarter 2022 dividend of $0.19 (nineteen cents) per share, an increase of 1-cent per share from the fourth quarter 2021 dividend of $0.18 per share and back to the pre-pandemic quarterly rate. The dividend is payable on April 5, 2022, to shareholders of record as of the close of business on March 18, 2022.

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, 11 industrial assets and 4 office properties, as well as 143 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 150-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-announces-5-6-increase-in-common-stock-dividend-301487913.html

SOURCE Alexander & Baldwin, Inc.

FAQ

What is the dividend amount declared by ALEX for Q1 2022?

The dividend amount declared by Alexander & Baldwin for Q1 2022 is $0.19 per share.

When is the dividend payment date for ALEX?

The dividend payment date for Alexander & Baldwin is April 5, 2022.

When is the record date for ALEX's dividend?

The record date for Alexander & Baldwin's dividend is March 18, 2022.

How does ALEX's new dividend compare to previous dividends?

The new dividend of $0.19 per share represents a 1-cent increase from the previous dividend of $0.18 per share.