Alexander & Baldwin Boosts Q4 2024 Dividend Amid Strong Performance

Alexander & Baldwin Increases Q4 2024 Dividend

HONOLULU, Dec. 5, 2024 - Alexander & Baldwin, Inc. (NYSE: ALEX), also known as A&B, has announced an increase in their fourth-quarter dividend for the year 2024. Attesting to the company's strong ongoing performance, the Board of Directors has approved a dividend of $0.225 per share. This marks an increase from the previous quarter's dividend of $0.2225 per share. The newly declared dividend will be distributed to shareholders on January 8, 2025, but only to those holding shares as of the close of business on December 20, 2024.

This upswing in dividend reflects A&B's commitment to return value to its shareholders while showcasing the company’s health even amidst fluctuations in the broader market. The company’s business model, primarily focused on the commercial real estate sector in Hawaii, places it in a unique position in the market. A&B stands out as the only publicly traded real estate investment trust specializing exclusively in Hawaiian commercial properties.

Alexander & Baldwin has a storied history spanning more than 154 years. Over this long period, it has adjusted its operations in alignment with various economic shifts in Hawaii, demonstrating its adaptability and resilience. The firm holds a significant stake in the state’s commercial sectors, currently owning and managing around 4.0 million square feet of commercial space that includes 21 retail centers, 14 industrial properties, and four office buildings. Additionally, the company has large leasehold interests, covering approximately 142 acres of ground lease assets.

The company has played a pivotal role in the evolution of Hawaii's commercial landscape by contributing effectively to the development of key sectors including agriculture, transportation, and tourism, and construction, among others. With a robust portfolio under its management, A&B is positioned to capitalize on ongoing market opportunities in Hawaii, further reinforcing its stakeholders' confidence.

This latest announcement regarding dividend increases comes at a time when many companies are reevaluating their shareholder return strategies. By increasing the dividend, A&B is sending a clear message about its strong operational performance and future growth potential. Shareholders can expect consistent returns with the company's strategic focus on enhancing value and its historical performance in managing a diversified commercial real estate portfolio.

In a world eager for consistent and reliable returns, Alexander & Baldwin remains a beacon for investors looking at the vibrant Hawaiian economy. The company's commitment to sustainable growth and shareholder value places it firmly within the top echelons of publicly traded real estate firms. Those considering investment opportunities in Hawaii's commercial real estate sector would do well to keep an eye on A&B's forthcoming developments and ongoing growth strategies.

For further details on the firm or to view more about their extensive portfolio, visit Alexander & Baldwin's official website.