Alexander’s, Inc. (NYSE:ALX) declared a quarterly dividend on Thursday, October 26th, Wall Street Journal reports. Investors of record on Monday, November 6th will be given a dividend of 4.25 per share by the real estate investment trust on Monday, November 20th. This represents a $17.00 annualized dividend and a dividend yield of 4.14%. The ex-dividend date of this dividend is Friday, November 3rd.
Alexander’s has increased its dividend by an average of 13.3% annually over the last three years and has increased its dividend annually for the last 7 consecutive years.
Alexander’s (NYSE:ALX) last announced its quarterly earnings data on Monday, July 31st. The real estate investment trust reported $5.60 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $5.71 by ($0.11). The company had revenue of $57.19 million during the quarter. Alexander’s had a net margin of 36.68% and a return on equity of 24.26%.
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Separately, BidaskClub upgraded Alexander’s from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 19th.
Alexander’s Company Profile
Alexander’s, Inc is a real estate investment trust (REIT). The Company is engaged in leasing, managing, developing and redeveloping its properties. It is managed by, and its properties are leased and developed by, Vornado Realty Trust (Vornado). As of December 31, 2016, the Company had seven properties in the greater New York City metropolitan area consisting of 731 Lexington Avenue; Rego Park I; Rego Park II; The Alexander apartment tower; Paramus, and Flushing.
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