Alexander & Baldwin Inc (NYSE:ALEX) declared a quarterly dividend on Thursday, October 24th, Zacks reports. Shareholders of record on Tuesday, November 12th will be given a dividend of 0.19 per share by the financial services provider on Thursday, December 5th. This represents a $0.76 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date is Friday, November 8th.
ALEX stock traded down $0.15 during trading hours on Wednesday, reaching $23.03. 1,194 shares of the stock were exchanged, compared to its average volume of 274,115. The firm’s 50-day moving average is $24.41 and its 200-day moving average is $23.64. The company has a debt-to-equity ratio of 0.65, a current ratio of 0.68 and a quick ratio of 0.89. Alexander & Baldwin has a 12 month low of $17.58 and a 12 month high of $25.69.
Alexander & Baldwin (NYSE:ALEX) last announced its quarterly earnings data on Wednesday, October 30th. The financial services provider reported ($0.69) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.80). The company had revenue of $89.10 million during the quarter, compared to the consensus estimate of $103.93 million. Alexander & Baldwin had a negative net margin of 28.41% and a negative return on equity of 10.75%. Alexander & Baldwin’s revenue was down 25.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.20 EPS.
In other news, Director Stanley M. Kuriyama sold 6,300 shares of the firm’s stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of $24.54, for a total value of $154,602.00. Following the completion of the transaction, the director now owns 306,635 shares in the company, valued at approximately $7,524,822.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 18,900 shares of company stock valued at $451,206 in the last 90 days. 6.40% of the stock is owned by corporate insiders.
About Alexander & Baldwin
Alexander & Baldwin, Inc is Hawai`i's premier commercial real estate company and the state's foremost owner of grocery-anchored retail centers. A&B is a fully integrated real estate investment trust and owns, operates and manages approximately 3.5 million square feet of primarily retail and industrial space in Hawai`i, and is a major landowner in the state.
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