Welcome to our dedicated page for Vornado Realty news (Ticker: VNO), a resource for investors and traders seeking the latest updates and insights on Vornado Realty stock.
Vornado Realty Trust (VNO) is a leading real estate investment trust focused on premier office and retail properties in top-tier urban markets. This page provides investors and stakeholders with direct access to official company announcements, financial updates, and strategic developments.
Discover timely information on quarterly earnings, property acquisitions, and sustainability initiatives, including LEED-certified building progress. Our curated collection ensures you stay informed about VNO's market position in New York City, Chicago, and San Francisco without navigating multiple sources.
Key updates include leasing activity in Class A properties, portfolio enhancements, and industry leadership in energy-efficient commercial spaces. Bookmark this page for streamlined access to Vornado's latest operational milestones and regulatory filings.
Vornado Realty Trust (NYSE:VNO) has announced its quarterly preferred dividends, effective July 3, 2023, for shareholders recorded as of June 15, 2023. The declared dividends include:
- Series A Convertible: $0.8125 per share
- Series L Cumulative Redeemable: $0.3375 per share
- Series M Cumulative Redeemable: $0.328125 per share
- Series N Cumulative Redeemable: $0.328125 per share
- Series O Cumulative Redeemable: $0.278125 per share
This announcement demonstrates the company's ongoing commitment to its shareholders through consistent dividend payments, despite existing economic challenges.
Vornado Realty Trust (NYSE:VNO) announced the postponement of dividends on its common shares until the end of 2023, contingent on finalizing its taxable income and asset sales. The Board will decide on dividend payment methods, which may include cash or a combination of cash and securities.
Additionally, Vornado's Board has authorized a share repurchase program of up to $200 million to enhance shareholder value. Funds saved from the postponed dividends and asset sales will be allocated towards debt reduction or share repurchases. The company may execute these repurchases through various means, with decisions based on economic and market conditions. The program has no expiration date and can be suspended at any time.
Vornado Realty Trust (NYSE:VNO) will file its Form 10-Q for the quarter ending March 31, 2023, on May 1, 2023, after market close. The company will also host a quarterly earnings conference call on May 2, 2023, at 10:00 a.m. ET, accessible via phone and online. Vornado is a fully-integrated equity real estate investment trust (REIT).
Investors are advised that certain statements in the release contain forward-looking statements, which may not guarantee future performance and involve risks, including interest rate increases and inflation. These factors could materially affect the company's future results and operations.
FAQ
What is the current stock price of Vornado Realty (VNO)?
What is the market cap of Vornado Realty (VNO)?
