A&B Fourth-Quarter 2008 Dividend Authorized

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Thu Oct 23, 2008 4:15pm EDT 

HONOLULU--(Business Wire)--
The Board of Directors of Alexander & Baldwin, Inc. (NYSE:AXB)
today announced a fourth-quarter 2008 dividend of 31.5 cents per
share, payable on December 4, 2008 to shareholders of record as of the
close of business on November 6, 2008.

   Alexander & Baldwin, Inc., headquartered in Honolulu, is engaged
in ocean transportation and logistics services, through its
subsidiaries, Matson Navigation Company, Inc. and Matson Integrated
Logistics, Inc.; in real estate, through A&B Properties, Inc.; and in
agribusiness, 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.

Alexander & Baldwin, Inc.
Meredith Ching, 808-525-6669 (media)
mching@abinc.com
Kevin L. Halloran, 808-525-8422 (investor relations)
khalloran@abinc.com

Copyright Business Wire 2008
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