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

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Alexander’s, Inc. (NYSE:ALX) declared a quarterly dividend on Thursday, October 24th, Zacks reports. Shareholders of record on Monday, November 4th will be paid a dividend of 4.50 per share by the real estate investment trust on Monday, November 18th. This represents a $18.00 annualized dividend and a yield of 5.10%. The ex-dividend date is Friday, November 1st.

NYSE:ALX traded up $4.60 on Wednesday, hitting $352.96. The stock had a trading volume of 11,833 shares, compared to its average volume of 30,752. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of 17.30 and a beta of 0.38. The company has a quick ratio of 17.19, a current ratio of 17.18 and a debt-to-equity ratio of 3.61. The business’s 50-day simple moving average is $350.43 and its two-hundred day simple moving average is $369.18. Alexander’s has a 52-week low of $295.75 and a 52-week high of $394.70.

Separately, TheStreet cut Alexander’s from a “b” rating to a “c+” rating in a research report on Monday, July 29th.

About Alexander’s

Alexander’s, Inc is a real estate investment trust, which engages in leasing, managing, development and redeveloping its properties. Its operating properties are located in the greater New York City metropolitan area. The company was founded on May 16, 1955 and is headquartered in Paramus, NJ.

Read More: Cost of Capital Explained

Dividend History for Alexander`s (NYSE:ALX)

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