A&B Board of Directors Authorizes Second Quarter 2011 Dividend

April 26, 2011

HONOLULU, Apr 26, 2011 (BUSINESS WIRE) -- The Board of Directors of Alexander & Baldwin, Inc. (NYSE:ALEX) today announced a second quarter 2011 dividend of 31.5 cents per share. The dividend is payable on June 2, 2011 to shareholders of record as of the close of business on May 12, 2011.

Alexander & Baldwin, Inc., headquartered in Honolulu, is engaged in ocean transportation and logistics services, through its subsidiaries, Matson Navigation Company, Inc., Matson Integrated Logistics, Inc. and Matson Global Distribution Services; in real estate, through A&B Properties, Inc.; and in agribusiness, through Hawaiian Commercial & Sugar Company. Additional information about A&B may be found at its web site: www.alexanderbaldwin.com.

SOURCE: Alexander & Baldwin, Inc.

Alexander & Baldwin, Inc.
For media inquiries:
Meredith J. Ching, 808-525-6669
mching@abinc.com
or
For investor relations inquiries:
Suzy P. Hollinger, 808-525-8422
shollinger@abinc.com