Alexander & Baldwin (ALEX) will reinstate its quarterly dividend with a payment of $0.15 per share. The dividend is payable on January 12, 2021 to shareholders of record as of the close of business on December 28, 2020.
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 and suspended the payment in 2020. The dividend was again reinstated in Q4 of 2020.