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New Dividend Stock Added to Database (ALX)

Posted: 4/29/2010 6:30:00 PM
Referenced Stocks: ALX

We are adding a new dividend stock to our database of nearly 1600 dividend-paying stocks.

Alexander's Inc. ( ALX ) - This company engages in leasing, managing, developing, and redeveloping properties in the greater New York City metropolitan area. The company's properties include office and retail properties, and shopping centers. As of December 31, 2009, it owned seven properties comprising six operating properties and one to be developed property. The company has elected to be treated as a REIT under the Internal Revenue Code of 1986. As a REIT, it would not be subject to federal income taxes, provided it distributes at least 90% of its REIT taxable income to its shareholders. The company was founded in 1955 and is based in Paramus, New Jersey.

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