Alexander's, Inc. Declares Quarterly Dividend of $4.50 (NYSE:ALX)

Alexander's, Inc. (NYSE:ALX - Get Free Report) declared a quarterly dividend on Wednesday, February 5th,Wall Street Journal reports. Investors 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 annualized dividend and a dividend yield of 9.37%. The ex-dividend date 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 Performance

ALX stock traded down $5.94 during midday trading on Monday, hitting $192.13. 17,054 shares of the stock traded hands, compared to its average volume of 11,602. The stock's fifty day simple moving average is $199.03 and its 200-day simple moving average is $218.61. The firm has a market cap of $981.21 million, a P/E ratio of 20.79 and a beta of 0.84. Alexander's has a 1-year low of $184.76 and a 1-year high of $251.63. The company has a debt-to-equity ratio of 5.18, a current ratio of 10.21 and a quick ratio of 10.21.

Alexander's (NYSE:ALX - Get Free Report) last posted its earnings results on Monday, February 10th. The real estate investment trust reported $4.06 EPS for the quarter, beating analysts' consensus estimates of $3.71 by $0.35. Alexander's had a return on equity of 21.79% and a net margin of 20.33%. On average, analysts expect that Alexander's will post 14.84 earnings per share 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.