Alexander & Baldwin ALEX is the only publicly-traded investment trust to focus exclusively on Hawai’i commercial real estate and is the state’s largest owner of grocery-anchored, neighborhood shopping centers.
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The 52-week range of Alexander & Baldwin’s stock price was $15.53 to $20.30.
Alexander & Baldwin’s dividend yield is 4.55%. During the last 12 months, it paid $0.89 per share in dividends.
The Latest On Alexander & Baldwin
On Oct. 24, the company announced its Q3 2024 earnings, posting a GAAP EPS of $0.27, compared to the consensus estimate of $0.21 and revenues of $61.944 million, compared to the consensus of $51.483 million, as reported by Benzinga.
"I am pleased with our performance during the third quarter. Our portfolio continued to demonstrate organic growth and leasing demand was healthy, as evidenced by our CRE and Corporate FFO performance. Additionally, Land Operations generated strong FFO during the quarter. As a result, we are again raising our 2024 guidance," stated Lance Parker, president and chief executive officer.
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How Can You Earn $100 Per Month As An Alexander & Baldwin Investor?
If you want to make $100 per month –$1,200 annually – from Alexander & Baldwin dividends, your investment value needs to be approximately $26,374, which is around 1,348 shares at $19.57 each.
Understanding the dividend yield calculations: When estimating, you need two key variables – the desired annual income ($1,200) and the dividend yield (4.55% in this case). So, $1,200 / 0.0455 = $26,374 to generate an income of $100 per month.
You can calculate the dividend yield by dividing the annual dividend payments by the stock’s current price.
The dividend yield can change over time, as a result of fluctuating stock prices and dividend payments on a rolling basis.
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For instance, assume a stock that pays $2 as an annual dividend is priced at $50. Its dividend yield would be $2/$50 = 4%. If the stock price rises to $60, the dividend yield drops to 3.33% ($2/$60). A drop in stock price to $40 will have an inverse effect and increase the dividend yield to 5% ($2/$40).
In summary, income-focused investors may find Alexander & Baldwin stock an attractive option for earning a steady $100 per month by owning 1,348 shares of stock.
Check out this article by Benzinga for three more stocks offering high dividend yields.
Diversify Your Monthly Income Stream With Fractional Real Estate
While Realty Income is undoubtedly a solid choice for investors seeking consistent monthly dividend income, it's important to remember that publicly traded stocks are subject to market volatility. For those looking to diversify their income streams and potentially reduce exposure to market fluctuations, real estate investing through platforms like Arrived is worth considering.
Arrived allows individuals to invest in shares of rental properties for as little as $100, providing the potential for monthly rental income and long-term appreciation without the hassles of being a landlord. With over $1 million in dividends paid out last quarter and a growing selection of properties across various markets, Arrived offers an attractive alternative for investors seeking to build a diversified real estate portfolio.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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