Alexander & Baldwin Sets $1.025 Annual Dividend and Agrees to $21.20 Buyout

ALEXALEX

Alexander & Baldwin approved 2025 common share dividends totaling $1.025 per share, comprised of three $0.225 quarterly distributions and a $0.350 fourth-quarter payment. Shares jumped 34.3% in December after agreeing to a $21.20 per share acquisition by Blackstone Real Estate, MW Group and DivcoWest, expected to close in Q1 2026.

1. 2025 Dividend Distribution Allocations

Alexander & Baldwin has allocated a total of $1.025 per common share in dividends for the 2025 fiscal year, paid across four quarterly distributions. The first three dividends of $0.225 per share were declared with ex-dividend and record dates of March 14, June 13 and September 12, each paid in the subsequent month on April 7, July 9 and October 7, respectively. The fourth distribution of $0.350 per share carried an ex-dividend and record date of December 19 and was paid on January 8, 2026. These allocations will appear on Form 1099-DIV as ordinary income, with no portion classified as non-qualified income.

2. Tax Reporting and Form 1099-DIV

Shareholders of record as of each quarterly record date should receive IRS Form 1099-DIV from Computershare, the company's dividend paying agent, detailing the full $1.025 per share allocated in 2025. Investors holding shares in street name can expect equivalent reporting from their brokerage firm or nominee. The amounts reported on these forms are intended for use in preparing 2025 federal income tax returns, and shareholders are urged to consult tax professionals regarding the specific treatment of these distributions.

3. Impact on Income Investors

With a full-year dividend yield based on the $1.025 total per share, Alexander & Baldwin continues to provide predictable cash flow for income-oriented portfolios. The stepped increase in the fourth quarter—rising from $0.225 to $0.350 per share—reflects management’s confidence in cash generation from its Hawai‘i commercial real estate portfolio. Investors focused on dividend stability will note that the company has now delivered uninterrupted quarterly payments throughout 2025, supporting its position as a REIT dedicated exclusively to the Hawai‘i market.

4. Company Profile and Real Estate Portfolio

Alexander & Baldwin is the only publicly traded real estate investment trust concentrating solely on Hawai‘i commercial real estate. As of year-end 2025, the company owns, operates and manages approximately 4.0 million square feet of commercial space, comprising 21 grocery-anchored retail centers, 14 industrial properties, four office buildings and 146 acres of ground lease assets. Over its 156-year history, A&B has played a leadership role in developing the state’s agricultural, transportation, tourism and real estate sectors, positioning it to capitalize on long-term demand for neighborhood shopping and industrial facilities in Hawai‘i.

Sources

SP