Alexander & Baldwin Announces Reporting Information for 2024 Dividend Distributions

Rhea-AI Summary

Alexander & Baldwin (NYSE: ALEX) has released its 2024 dividend distribution reporting information for common shares. The company paid quarterly dividends totaling $0.8925 per share throughout 2024, distributed as follows:

- Q1: $0.2225 (payable April 5, 2024)
- Q2: $0.2225 (payable July 8, 2024)
- Q3: $0.2225 (payable October 7, 2024)
- Q4: $0.2250 (payable January 8, 2025)

All distributions were classified as ordinary income, with 100% being non-qualified dividends. Shareholders will receive Form 1099-DIV from Computershare or their brokers for tax reporting purposes.

Positive

• Consistent quarterly dividend payments throughout 2024
• Slight dividend increase in Q4 to $0.2250 from $0.2225
• Total annual dividend distribution of $0.8925 per share

Negative

• 100% of dividends classified as non-qualified, resulting in potentially higher tax implications for shareholders

HONOLULU, Jan. 27, 2025 /PRNewswire/ -- Alexander & Baldwin, Inc. (NYSE: ALEX) ("A&B" or "Company"), a Hawai'i-based company focused on owning, operating, and developing high-quality commercial real estate in Hawai'i, today announced the allocations of the Company's 2024 dividend distributions to its common shares. The table below, presented on a per share basis, is provided for information purposes only and should only be used to clarify the information on Form 1099-DIV.

Common Shares (CUSIP # 014491104)

									Ordinary Income in 2024
Ex-Dividend Date	Record Date		Payable Date			Distribution Per Share		Total	Non- Qualified	Qualified
3/14/2024	3/15/2024		4/5/2024			$0.2225		$0.2225	$0.2225	$ ─
6/14/2024	6/14/2024		7/8/2024			$0.2225		$0.2225	$0.2225	$ ─
9/20/2024	9/20/2024		10/7/2024			$0.2225		$0.2225	$0.2225	$ ─
12/20/2024	12/20/2024		1/8/2025			$0.2250		$0.2250	$0.2250	$ ─
			Total			$0.8925		$0.8925	$0.8925	$ ─

Shareholders of record should expect to receive IRS Form 1099-DIV ("Form 1099-DIV") from Computershare, the Company's dividend-paying agent. Shareholders of record will receive Form 1099-DIV relating to the quarterly dividends paid or deemed paid in 2024. "Street name" shareholders should expect to receive their Form 1099-DIV from their bank, brokerage firm, or other nominee. The amounts indicated on the 2024 Form 1099-DIV should be reported on shareholders' 2024 federal income tax returns.

Investors are encouraged to seek legal and/or professional tax advice about the specific tax treatment of distributions paid by the Company for the 2024 tax year.

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 Alexander & Baldwin's (ALEX) total dividend payout for 2024?

Alexander & Baldwin's total dividend payout for 2024 was $0.8925 per share.

When did ALEX increase its dividend in 2024?

ALEX increased its quarterly dividend in Q4 2024 to $0.2250 from $0.2225 per share.

How are Alexander & Baldwin's 2024 dividends classified for tax purposes?

All of ALEX's 2024 dividends are classified as ordinary income, specifically as non-qualified dividends.

What are the payment dates for ALEX's 2024 quarterly dividends?

The payment dates were April 5, 2024, July 8, 2024, October 7, 2024, and January 8, 2025 (for Q4).

How will ALEX shareholders receive their dividend tax information?

Shareholders will receive Form 1099-DIV from Computershare (for registered shareholders) or their brokers (for street name holders).