Alexander & Baldwin Holdings, Inc. (ALEX) To Go Ex-Dividend on September 12th

Alexander & Baldwin Holdings, Inc. (NYSE:ALEX) announced a quarterly dividend on Wednesday, July 23rd, Wall Street Journal reports. Investors of record on Friday, September 12th will be paid a dividend of 0.225 per share by the financial services provider on Tuesday, October 7th. This represents a c) annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend is Friday, September 12th.

Alexander & Baldwin has a payout ratio of 126.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Alexander & Baldwin to earn $1.12 per share next year, which means the company should continue to be able to cover its $0.90 annual dividend with an expected future payout ratio of 80.4%.

Alexander & Baldwin Stock Performance

Shares of NYSE ALEX opened at $18.80 on Wednesday. The firm has a 50 day moving average of $18.37 and a 200 day moving average of $17.77. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $1.37 billion, a price-to-earnings ratio of 17.57, a price-to-earnings-growth ratio of 1.71 and a beta of 1.07. Alexander & Baldwin has a 12-month low of $15.70 and a 12-month high of $20.11.

Wall Street Analyst Weigh In

Separately, JMP Securities restated a “market perform” rating on shares of Alexander & Baldwin in a research report on Tuesday, September 2nd. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $24.00.

Alexander & Baldwin Company Profile

Alexander & Baldwin, Inc engages in the real estate business. It operates through the Commercial Real Estate and Land Operations segments. The Commercial Real Estate segment includes investments and acquisitions, construction and development, and in-house leasing and property management. The Land Operations segment consists of legacy landholdings, assets, and liabilities subject to the company’s simplification and monetization effort.