Alexander’s, Inc. (NYSE:ALX) to Issue $4.50 Quarterly Dividend

Alexander’s, Inc. (NYSE:ALX) announced a quarterly dividend on Wednesday, February 5th,Wall Street Journal reports. Stockholders of record on Tuesday, February 18th will be given a dividend of 4.50 per share by the real estate investment trust on Friday, February 28th. This represents a $18.00 dividend on an annualized basis and a dividend yield of 9.15%. The ex-dividend date of this dividend is Tuesday, February 18th.

Alexander’s has increased its dividend by an average of 13.3% per year over the last three years.

Alexander’s Stock Performance

NYSE:ALX traded up $2.20 during mid-day trading on Thursday, reaching $196.72. 17,189 shares of the company’s stock were exchanged, compared to its average volume of 11,120. Alexander’s has a one year low of $184.76 and a one year high of $251.63. The company has a debt-to-equity ratio of 5.18, a quick ratio of 10.21 and a current ratio of 10.21. The business’s fifty day simple moving average is $200.80 and its two-hundred day simple moving average is $219.65. The firm has a market capitalization of $1.01 billion, a PE ratio of 21.29 and a beta of 0.84.

Alexander’s (NYSE:ALX) last released its quarterly earnings results on Monday, November 4th. The real estate investment trust reported $1.30 earnings per share for the quarter, missing analysts’ consensus estimates of $2.57 by ($1.27). The business had revenue of $55.68 million during the quarter, compared to analyst estimates of $53.50 million. Alexander’s had a net margin of 20.33% and a return on equity of 21.79%. During the same quarter in the previous year, the firm posted $3.63 earnings per share. Analysts anticipate that Alexander’s will post 14.84 earnings per share for the current fiscal year.

About Alexander’s

Alexander’s, Inc (NYSE: ALX) is a real estate investment trust (REIT), incorporated in Delaware, engaged in leasing, managing, developing and redeveloping its properties. All references to we, us, our, Company and Alexander’s refer to Alexander’s, Inc and its consolidated subsidiaries. We are managed by, and our properties are leased and developed by, Vornado Realty Trust (Vornado) (NYSE: VNO).