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

Alexander’s, Inc. (NYSE:ALX) announced a quarterly dividend on Wednesday, April 29th. Stockholders of record on Monday, May 11th will be given a dividend of 4.50 per share by the real estate investment trust on Friday, May 29th. This represents a c) dividend on an annualized basis and a dividend yield of 7.1%. The ex-dividend date is Monday, May 11th.

Alexander’s Stock Performance

Shares of NYSE:ALX opened at $251.77 on Thursday. The business’s 50-day simple moving average is $241.08 and its 200 day simple moving average is $231.62. The company has a market cap of $1.29 billion, a P/E ratio of 45.59 and a beta of 0.79. The company has a debt-to-equity ratio of 7.60, a quick ratio of 8.36 and a current ratio of 8.36. Alexander’s has a one year low of $201.28 and a one year high of $260.84.

Alexander’s Company Profile

Alexander’s (NYSE: ALX) is a publicly traded real estate investment trust focused on owning, leasing and managing commercial properties in the New York metropolitan area. The company’s portfolio encompasses office buildings, retail storefronts and parking facilities, all held on a wholly owned basis. By concentrating on prime urban and suburban locations, Alexander’s seeks to generate stable rental income and long-term asset appreciation.

Founded in 1928 as a family-run department store chain, Alexander’s transitioned during the early 1990s into a pure-play real estate company following the sale of its retail operations.