Nucor earnings beat by $0.08, revenue fell short of estimates
Meredith (NYSE:MDP) J. Ching, Executive Vice President of External Affairs at Alexander & Baldwin, Inc. (NYSE:ALEX), sold 700 shares of the company’s common stock on February 10, according to a recent SEC filing. The shares were sold at a weighted average price of $17.9059, generating a total of $12,534. Following the transaction, Ching holds 152,449 shares directly. This sale was executed under a pre-arranged Rule 10b5-1 trading plan, designed to allow insiders to set up a predetermined schedule for selling shares. The stock, which offers a notable 5% dividend yield and has shown relatively low price volatility, is currently trading near its InvestingPro Fair Value. For deeper insights into insider trading patterns and access to 5+ additional ProTips, consider exploring the comprehensive Pro Research Report available on InvestingPro.
In other recent news, Alexander & Baldwin, Inc., a significant player in Hawai’i’s commercial real estate market, has announced an increase in its quarterly dividend. The company’s Board of Directors has approved a rise from the previous $0.225 per share to $0.225 per share for the fourth quarter of 2024, marking a slight increase in shareholder returns. The dividend is scheduled to be distributed on January 8, 2025, to all shareholders recorded by the close of business on December 20, 2024. This decision is a reflection of the company’s financial strategies and its commitment to providing value to its investors. With a portfolio that spans approximately 4.0 million square feet of commercial space, the trust manages 21 retail centers, 14 industrial properties, four office buildings, and 142 acres of ground lease assets. These recent developments underscore Alexander & Baldwin’s ongoing commitment to its shareholders and its position in Hawai’i’s commercial real estate sector.
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