HONOLULU, April 26,
2022 /PRNewswire/ -- The Board of Directors of
Alexander & Baldwin, Inc. (NYSE: ALEX) approved a second
quarter 2022 dividend of $0.20
(twenty cents) per share, an increase
of 1-cent per share from the first
quarter 2022 dividend of $0.19 per
share and the second consecutive quarterly rate increase. The
quarterly dividend increase reflects strong first quarter
commercial real estate results and expected performance for the
remainder of 2022. The dividend is payable on July 6, 2022, to shareholders of record as of the
close of business on June 17,
2022.
About Alexander & Baldwin,
Inc.
Alexander & Baldwin, Inc. (NYSE: ALEX) (A&B) is the
only publicly-traded real estate investment trust to focus
exclusively on Hawai'i commercial real estate and is the state's
largest owner of grocery-anchored, neighborhood shopping centers.
A&B owns, operates and manages approximately 3.9 million
square feet of commercial space in Hawai'i, including 22 retail
centers, 11 industrial assets and 4 office properties, as well as
141 acres of ground leases. A&B is expanding and strengthening
its Hawai'i CRE portfolio and achieving its strategic focus on
commercial real estate by monetizing its remaining non-core assets.
Over its 152-year history, A&B has evolved with the state's
economy and played a leadership role in the development of the
agricultural, transportation, tourism, construction, residential
and commercial real estate industries. Learn more about A&B at
www.alexanderbaldwin.com.
Contact:
A&B Investor Relations
(808) 525-8475
investorrelations@abhi.com
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SOURCE Alexander & Baldwin, Inc.