Alexanders, Inc. (ALX) Lowers Quarterly Dividend 26.7% to $2.75; 3.3% Yield

Alexanders, Inc. (NYSE: ALX) declared a quarterly dividend of $2.75 per share, or $11 annualized. This is a 26.7% decrease from the prior dividend of $3.75.

The dividend will be payable on February 19, 2013, to stockholders of record on January 28, 2013, with an ex-dividend date of January 24, 2013.

The annual yield on the dividend is 3.3 percent.

The new indicated annual dividend rate has been adjusted down from the former annual rate of $15.00 per share to reflect the November 2012 sale of the Kings Plaza Mall and the $122.00 per share special long-term capital gain dividend resulting therefrom.

For a dividend history and other dividend-related data on Alexanders, Inc. (ALX) click here.

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