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Alexander & Baldwin hikes dividend by 13.8%

Alexander & Baldwin (ALEX) will raise its quarterly dividend by 13.8 percent to 16.5 cents per share. Earlier this year the commercial real estate company reinstated its dividend.

The next dividend is payable on March 26, 2019 to shareholders of record as of the close of business on March 11, 2019. The estimated annual dividend yield is 2.4%.

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 primarily retail and industrial space in Hawai`i, and is a major landowner in the state. A&B also is Hawai`i's largest construction materials company and paving contractor. The company reinstated a quarterly dividend in 2019.