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

Alexander’s, Inc. (NYSE:ALX) announced a quarterly dividend on Wednesday, February 5th,Wall Street Journal reports. Stockholders of record on Tuesday, February 18th will be given a dividend of 4.50 per share by the real estate investment trust on Friday, February 28th. This represents a $18.00 dividend on an annualized basis and a dividend yield of 9.15%. The ex-dividend date of this dividend is Tuesday, February 18th.

Alexander’s has increased its dividend payment by an average of 13.3% annually over the last three years.

Alexander’s Stock Up 1.1 %

NYSE ALX traded up $2.20 during trading hours on Thursday, reaching $196.72. 17,189 shares of the company’s stock were exchanged, compared to its average volume of 11,120. The company has a debt-to-equity ratio of 5.18, a quick ratio of 10.21 and a current ratio of 10.21. The company has a market capitalization of $1.01 billion, a price-to-earnings ratio of 21.29 and a beta of 0.84. The company’s 50-day moving average is $200.80 and its two-hundred day moving average is $219.65. Alexander’s has a one year low of $184.76 and a one year high of $251.63.

Alexander’s (NYSE:ALX) last posted its quarterly earnings data on Monday, November 4th. The real estate investment trust reported $1.30 EPS for the quarter, missing the consensus estimate of $2.57 by ($1.27). The company had revenue of $55.68 million during the quarter, compared to the consensus estimate of $53.50 million. Alexander’s had a net margin of 20.33% and a return on equity of 21.79%. During the same period in the prior year, the firm posted $3.63 earnings per share. On average, analysts forecast that Alexander’s will post 14.84 EPS for the current fiscal 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).