Alexander & Baldwin Announces 7% Increase in Common Stock Dividend
The Board of Directors of Alexander & Baldwin (NYSE:ALEX) has approved a $0.16 quarterly dividend for Q2 2021, marking a 1 cent increase from Q1's $0.15 per share.
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Rhea-AI Summary
The Board of Directors of Alexander & Baldwin (NYSE:ALEX) has approved a $0.16 quarterly dividend for Q2 2021, marking a 1 cent increase from Q1's $0.15 per share. This increase reflects the Board's confidence in the enhancing commercial real estate landscape and economic conditions in Hawai'i. The dividend will be paid on July 6, 2021 to shareholders on record by June 28, 2021.
Positive
- Dividend increased by 1 cent to $0.16 per share, reflecting confidence in the Hawai'i economy.
- Scheduled payment date of July 6, 2021, suggesting financial stability.
Negative
- None.
Details
News Market Reaction – ALEX
The recorded move for ALEX in the trading session of this news was +0.28%.
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AI-generated analysis. How Rhea-AI works. Not financial advice.
HONOLULU, April 27, 2021 /PRNewswire/ -- The Board of Directors of Alexander & Baldwin, Inc. (NYSE:ALEX) approved a second quarter 2021 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 retail shopping centers. A&B owns, operates and manages approximately 3.9 million square feet of commercial space in Hawai'i, including 22 retail centers, ten industrial assets and four office properties, as well as 152 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
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