OREANDA-NEWS. The Board of Directors of Alexander & Baldwin, Inc. (NYSE:ALEX) today approved a second quarter 2016 dividend of $0.06 (6 cents) per share. The dividend is payable on June 2, 2016 to shareholders of record as of the close of business on May 9, 2016.

Alexander & Baldwin, Inc. is a Hawaii-based public company, with interests in real estate development, commercial real estate, agriculture, materials and infrastructure construction. With ownership of nearly 88,000 acres in Hawaii, A&B is the state's fourth largest private landowner, and one of the state's most active real estate investors. The Company manages a portfolio comprising five million square feet of leasable space in Hawaii and on the U.S. Mainland and is the largest owner of grocery/drug-anchored retail assets in the state. It owns and operates the state's only sugar plantation. A&B is also Hawaii's largest materials company and paving contractor.