Alexander & Baldwin Announces 5.6% Increase in Common Stock Dividend
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.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
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.
Details
News Market Reaction – ALEX
The recorded move for ALEX in the trading session of this news was -0.31%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
HONOLULU, Feb. 22, 2022 /PRNewswire/ -- The Board of Directors of Alexander & Baldwin, Inc. (NYSE:ALEX) approved a first quarter 2022 dividend of
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
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SOURCE Alexander & Baldwin, Inc.
FAQ
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