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

Alexander’s, Inc. (NYSE:ALX) announced a quarterly dividend on Wednesday, February 5th,Wall Street Journal reports. Shareholders of record on Tuesday, February 18th will be paid a dividend of 4.50 per share by the real estate investment trust on Friday, February 28th. This represents a $18.00 annualized dividend and a yield of 8.78%. 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 Price Performance

ALX opened at $204.97 on Friday. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of 22.18 and a beta of 0.84. The company has a quick ratio of 10.21, a current ratio of 10.21 and a debt-to-equity ratio of 5.18. The firm has a 50-day moving average price of $197.49 and a 200-day moving average price of $217.68. Alexander’s has a twelve month low of $184.76 and a twelve month high of $251.63.

Alexander’s (NYSE:ALX) last posted its earnings results on Monday, February 10th. The real estate investment trust reported $4.06 earnings per share for the quarter, topping the consensus estimate of $3.71 by $0.35. Alexander’s had a net margin of 20.33% and a return on equity of 21.79%. Equities analysts expect that Alexander’s will post 14.84 EPS for the current 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).