A&B Raises Dividend; Annual Rate Now $1.00 Per Share.HONOLULU -- The Board of Directors of Alexander & Baldwin, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :ALEX) today announced an increase in the second-quarter 2006 dividend to 25 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. . The previous rate was 22.5 cents per share. The second-quarter dividend is payable on June 1, 2006 to shareholders of record as of the close of business on May 11, 2006. "A&B has a remarkable history of dividends to shareholders with 103 consecutive years of dividend payments," said W. Allen Al·len , Edgar 1892-1943. American anatomist who is noted for his studies of hormones and for the discovery (1923) of estrogen. Doane, chairman of the board and chief executive officer of A&B. "In the most fundamental sense, dividends represent our Board of Directors' confidence in the future of the Company and our ability to pay dividends in the years ahead." Alexander & Baldwin, Inc., headquartered in Honolulu, is engaged in ocean transportation and intermodal in·ter·mod·al adj. Relating to transportation by more than one means of conveyance, as by truck and rail: intermodal transport. services, through its subsidiaries, Matson Navigation Company Matson Navigation Company, a subsidiary of Alexander & Baldwin, is a private ocean transportation company with roots extending into the late 19th century. It is credited with introducing mass tourism to Hawaii with the opening of the Moana Hotel (now known as the Moana Surfrider Hotel) , Inc. and Matson Integrated Logistics, Inc.; in real estate, through A&B Properties, Inc.; and in food products, through Hawaiian Commercial & Sugar Company and Kauai Coffee Company, Inc. Additional information about A&B may be found at its web site: www.alexanderbaldwin.com. |
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