#United States #Dividend #Honolulu #Real Estate #Alexander & Baldwin

Alexander & Baldwin, Inc. (NYSE: ALEX), a prominent company based in Hawai'i specializing in commercial real estate, has recently disclosed the specifics of its 2024 dividend distributions, which are critical for its shareholders. This announcement comes as the company continues its dedication to providing high-quality commercial properties across the Hawaiian Islands.

As part of its commitment to transparency and shareholder engagement, Alexander & Baldwin has outlined a detailed schedule for the dividend payouts related to its common shares. The report specifies the important dates that shareholders need to be aware of, including the ex-dividend date, record date, and payable date for each dividend distribution planned for the year 2024.

Dividend Schedule Overview

A&B has declared four quarterly dividends for the year 2024, with each distribution amounting to approximately $0.2225 per share for the first three quarters and $0.2250 for the fourth quarter. Here’s a breakdown of the dividend distribution schedule:

1. 1st Quarter
- Ex-Dividend Date: March 14, 2024
- Record Date: March 15, 2024
- Payable Date: April 5, 2024
- Distribution Per Share: $0.2225

2. 2nd Quarter
- Ex-Dividend Date: June 14, 2024
- Record Date: June 14, 2024
- Payable Date: July 8, 2024
- Distribution Per Share: $0.2225

3. 3rd Quarter
- Ex-Dividend Date: September 20, 2024
- Record Date: September 20, 2024
- Payable Date: October 7, 2024
- Distribution Per Share: $0.2225

4. 4th Quarter
- Ex-Dividend Date: December 20, 2024
- Record Date: December 20, 2024
- Payable Date: January 8, 2025
- Distribution Per Share: $0.2250

Overall, shareholders will benefit from a total of $0.8925 in dividends for the entire year, contingent upon their maintaining of registered shares through the respective dates.

Shareholder Communication and Tax Implications

For clarity and compliance, shareholders who are registered will receive IRS Form 1099-DIV from Computershare, which is the company's designated dividend-paying agent. Please be advised that those who hold their shares through a brokerage firm or similar entity should expect to obtain their tax forms from their respective institutions.

It is advisable for shareholders to consult with financial and tax professionals to evaluate the specific tax implications related to these distributions. Understanding how these dividends affect individual tax situations is crucial for effective financial planning.

About Alexander & Baldwin

Established over 155 years ago, Alexander & Baldwin, Inc. has an extensive history intertwined with the growth and development of Hawai'i's economy. It stands as the only publicly-traded real estate investment trust solely focusing on commercial real estate in the state. Notably, A&B owns and manages approximately 4 million square feet of commercial properties, primarily consisting of grocery-anchored neighborhood shopping centers, industrial spaces, and office properties.

The company remains committed to delivering value to its shareholders through strategic investments in high-quality real estate, reinforcing its role as a pivotal player in Hawai'i's commercial landscape.

For further insights about Alexander & Baldwin, their services, and ongoing projects, visit their official website at www.alexanderbaldwin.com.

For more information, you can contact Jordan Hino at (808) 525-8475 or email at [email protected].