Alexander's Inc. Declares Quarterly Dividend, Payable on February 17, 2015
January 21, 2015 at 10:17 am EST
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Alexander's Inc. 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 (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. 
