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Alexander's increases quarterly dividend

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Alexander's increases quarterly dividend

Alexander's Inc. said its board declared a quarterly dividend of $4.25 per share, up from $4.00 per share the previous quarter.

The increased dividend represents a new indicated annual rate of $17.00 per share, an increase from the former annual rate of $16.00 per share.

The dividend is payable Feb. 15 to shareholders on record as of Jan. 30, the company said.