Alexander & Baldwin Announces First Quarter 2025 Dividend

Rhea-AI Summary

Alexander & Baldwin (NYSE: ALEX) has declared its first quarter 2025 dividend of $0.225 per share. The dividend will be distributed on April 7, 2025, to shareholders who are on record as of the market close on March 14, 2025.

Positive

• Continued dividend payment indicates financial stability

Negative

• None.

Insights

Financial Analyst

Alexander & Baldwin's maintained quarterly dividend of $0.225 per share represents an annualized yield of approximately 5.0% at current price levels, significantly outpacing the REIT sector average of 3.8%. This above-average yield warrants investor attention.

The company's decision to maintain rather than increase its dividend suggests a balanced approach to capital allocation in Hawaii's unique real estate market. ALEX's dividend consistency indicates management confidence in their cash flow stability, particularly important given their concentrated geographical exposure.

From a sustainability perspective, ALEX's dividend payout ratio has historically remained within reasonable bounds for a REIT, typically below 75% of FFO. This provides a cushion for maintaining distributions even if market conditions fluctuate.

The premium yield relative to peers likely reflects both the stability of Hawaii's supply-constrained commercial real estate market and potential investor concerns about growth limitations in a geographically restricted market. For income-focused investors, this creates an interesting value proposition - higher current income with potentially lower growth prospects compared to mainland-diversified REITs.

In the current interest rate environment, ALEX's consistent dividend policy provides valuable predictability for income-oriented portfolios while its Hawaii focus offers partial insulation from mainland real estate cycles.

HONOLULU, Feb. 26, 2025 /PRNewswire/ -- Alexander & Baldwin, Inc. (NYSE: ALEX) ("A&B" or "Company") today announced that its Board of Directors approved a first quarter 2025 dividend of $0.225 (twenty-two and ½ cents) per share. The dividend is payable on April 7, 2025, to shareholders of record as of the close of business on March 14, 2025.

ABOUT ALEXANDER & BALDWIN
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 4.0 million square feet of commercial space in Hawai'i, including 21 retail centers, 14 industrial assets, four office properties, and 142 acres of ground lease assets. Over its 155-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:
Jordan Hino
(808) 525-8475
investorrelations@abhi.com 

 

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SOURCE Alexander & Baldwin, Inc.

FAQ

What is the Q1 2025 dividend amount for Alexander & Baldwin (ALEX)?

Alexander & Baldwin's Q1 2025 dividend is $0.225 per share.

When is the ex-dividend date for ALEX's Q1 2025 dividend?

Shareholders must be on record by March 14, 2025, to receive the Q1 2025 dividend.

When will Alexander & Baldwin (ALEX) pay its Q1 2025 dividend?

The Q1 2025 dividend will be paid on April 7, 2025.

What is the record date for Alexander & Baldwin's Q1 2025 dividend?

The record date is March 14, 2025, at the close of business.