Alexander : Declares an Increased Quarterly Dividend of $3.50 per Share (a new Indicated Annual Rate of $14.00)
January 21, 2015 at 10:32 am EST
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Contact:
STEPHEN THERIOT
(201) 587-8541
January 21, 2015
Alexander's Declares an Increased Quarterly Dividend of $3.50 per Share
(a New Indicated Annual Rate of $14.00)
PARAMUS, NEWJERSEY..........Alexander's, Inc. (NYSE: ALX) today announced that its Board of Directors has declared an increased quarterly dividend of $3.50 per share (a new indicated annual rate of $14.00). The former annual rate was $13.00 per share. The dividend will be payable on February 17, 2015 to stockholders of record on February 2, 2015.
Alexander's, Inc. is a real estate investment trust that has six properties in the greater New York City metropolitan area.
Certain statements contained herein may constitute "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such factors include, among others, risks associated with the timing of and costs associated with property improvements, financing commitments and general competitive factors.
Alexander's, Inc. is a real estate investment trust (REIT). The Company is engaged in leasing, managing, developing and redeveloping its properties. It is managed by, and its properties are leased and developed by, Vornado Realty Trust (Vornado). It has five properties in New York City consisting of 731 Lexington Avenue, a 1,079,000 square foot multi-use building comprising the entire block bounded by Lexington Avenue, East 59th Street, Third Avenue and East 58th Street in Manhattan; Rego Park I, a 338,000 square foot shopping center, is located on Queens Boulevard and 63rd Road in Queens; Rego Park II, a 616,000 square foot shopping center, is located adjacent to the Rego Park I shopping center in Queens; Flushing, a 167,000 square foot building, located on Roosevelt Avenue and Main Street in Queens, and The Alexander apartment tower, located above its Rego Park II shopping center, contains 312 units aggregating 255,000 square feet.
ALEXANDER'S, INC. 
