Alexander & Baldwin Inc (ALEX) Director Sells $148,554.00 in Stock
Alexander & Baldwin Inc (NYSE:ALEX) Director Stanley M. Kuriyama sold 6,300 shares of the firm’s stock in a transaction on Thursday, April 18th. The shares were sold at an average price of $23.58, for a total transaction of $148,554.00. Following the completion of the transaction, the director now directly owns 332,510 shares in the company, valued at approximately $7,840,585.80. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.
Alexander & Baldwin stock opened at $23.69 on Monday. Alexander & Baldwin Inc has a 12-month low of $17.58 and a 12-month high of $25.69. The company has a current ratio of 2.74, a quick ratio of 2.74 and a debt-to-equity ratio of 0.64.
The company also recently declared a quarterly dividend, which was paid on Tuesday, March 26th. Investors of record on Monday, March 11th were paid a dividend of $0.145 per share. This is an increase from Alexander & Baldwin’s previous quarterly dividend of $0.07. The ex-dividend date was Friday, March 8th. This represents a $0.58 annualized dividend and a yield of 2.45%.
Separately, TheStreet raised shares of Alexander & Baldwin from a “d+” rating to a “c-” rating in a research note on Tuesday, January 29th.
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About Alexander & Baldwin
Alexander & Baldwin, Inc is Hawai`i's premier commercial real estate company and the state's foremost owner of grocery-anchored retail centers. A&B is a fully integrated real estate investment trust and owns, operates and manages approximately 3.5 million square feet of primarily retail and industrial space in Hawai`i, and is a major landowner in the state.
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