Alexander & Baldwin Inc (NYSE:ALEX) Plans Quarterly Dividend of $0.19

Alexander & Baldwin Inc (NYSE:ALEX) declared a quarterly dividend on Thursday, August 1st, Fidelity reports. Stockholders of record on Monday, August 12th will be paid a dividend of 0.19 per share by the financial services provider on Thursday, September 5th. This represents a $0.76 annualized dividend and a dividend yield of 3.30%. The ex-dividend date is Friday, August 9th.

Shares of NYSE:ALEX opened at $23.01 on Wednesday. The firm has a 50 day moving average price of $23.24. The company has a quick ratio of 2.64, a current ratio of 0.65 and a debt-to-equity ratio of 0.61. Alexander & Baldwin has a 12 month low of $17.58 and a 12 month high of $25.69.

Alexander & Baldwin (NYSE:ALEX) last issued its earnings results on Thursday, August 1st. The financial services provider reported ($0.01) EPS for the quarter, missing the consensus estimate of $0.14 by ($0.15). The firm had revenue of $109.10 million during the quarter, compared to analyst estimates of $104.63 million. Alexander & Baldwin had a negative net margin of 17.28% and a negative return on equity of 9.07%. Alexander & Baldwin’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.03 earnings per share.

In related news, Director Stanley M. Kuriyama sold 6,300 shares of the company’s stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $22.35, for a total transaction of $140,805.00. Following the completion of the transaction, the director now directly owns 325,535 shares in the company, valued at approximately $7,275,707.25. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Christopher J. Benjamin sold 52,690 shares of the company’s stock in a transaction that occurred on Wednesday, June 12th. The stock was sold at an average price of $23.54, for a total transaction of $1,240,322.60. Following the transaction, the chief executive officer now owns 873 shares of the company’s stock, valued at $20,550.42. The disclosure for this sale can be found here. Insiders sold a total of 91,590 shares of company stock valued at $2,140,691 over the last 90 days. Corporate insiders own 6.40% of the company’s stock.

About Alexander & Baldwin

Alexander & Baldwin, Inc is Hawai`i's premier commercial real estate company and the state's foremost owner of grocery-anchored retail centers. A&B is a fully integrated real estate investment trust and owns, operates and manages approximately 3.5 million square feet of primarily retail and industrial space in Hawai`i, and is a major landowner in the state.

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Dividend History for Alexander & Baldwin (NYSE:ALEX)

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