Embracing Change: Alexander's Manages Decreased Performance and Adjusts Dividends
Portfolio Pulse from Benzinga Insights
Alexander's (NYSE:ALX) is set to deliver a dividend payout of $4.50 per share, equating to an annualized dividend yield of 9.71%. The company has maintained a consistent dividend per share of $18.00 from 2019 to 2022. However, there has been a decrease in Alexander's earnings per share from $19.38 in 2019 to $17.20 in 2022, which may impact future dividend payments.
August 18, 2023 | 3:05 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Alexander's consistent dividend payout is attractive to income-seeking investors. However, the declining earnings per share may impact the company's ability to maintain its dividend payout schedule.
Alexander's has maintained a consistent dividend payout, which is attractive to income-seeking investors. However, the company's declining earnings per share from $19.38 in 2019 to $17.20 in 2022 may impact its ability to maintain this payout schedule. Investors should monitor the company's performance in the coming quarters.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100